The reason for no progress for the last many months is because of the SRA intervention and the languishing of cases in the care of Gordons, the intervening firm. Before that, although the process had taken longer than anticipated because of the various strategies that the banks employed, a crucial stage had been reached when a carefully selected set of cases were taken to the stage of a part 36 offer being made, and there was a clear strategy for then proceeding once the banks responded or failed to respond in the allotted time to those offers.
