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HODGE J QC:
 This is my extemporary judgment on an appeal by the respondent company, LSI 2013 Ltd, from a winding up order made by Deputy District Judge Batstone sitting in the Bristol District Registry of the Companies Court of the Chancery Division. His decision was made on 18 July 2013. Permission to appeal was given by Peter Smith J on 9 October 2013. At the same time, Peter Smith J made an order staying the winding up order until the appeal was disposed of. He further directed that the appeal should be expedited.