A debt to HM Revenue and Customs was behind the winding-up application made against the Blues at the High Court in London this morning, which was dismissed.
At a brief hearing Fiona Dewar, counsel for HMRC, confirmed that the tax debt had been paid in full and asked for the case to be dismissed.
Outside the court Town’s counsel, Charles Sinclair, who had also asked for the case to be dismissed, wouldn’t comment on the sum involved.
Earlier, MD Ian Milne outlined the situation to Radio Suffolk, while a club spokesperson told TWTD in a statement: "A service provider issued a court petition for non-payment between Christmas and New Year whereby their automated process accelerated this action despite an agreement for payment to be made early January.
"The creditor subsequently withdrew the petition on receipt of payment and this will be dismissed at the hearing today.”