Restons letter Court claim - stat barred?

[pt2537]

Re: Restons letter Court claim - stat barred?

Yes di , so what does it mean
they are unlicensed ?
can they not proceed.
it is currently stayed yes

under the Consumer Credit Act 1974 a creditor had to hold an Office of Fair Trading licence. When the regime moved over to the FCA it became necessary for companies to hold an authorisation from the FCA, Cabot do not hold the necessary permission which means they may be committing a criminal offence if they undertake regulated activities without permission.

[pt2537]

Re: Restons letter Court claim - stat barred?

If this claim has been allowed to remain stayed for over a year then id also look at arguing that the claim has become stale, notwithstanding the limitation issues, id argue that Laches applies too. I had Lowells struck out on exactly that point recently so its certainly something the Courts will look at and consider