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"An administrator has been appointed by the court for Force India F1 tonight," he told Reuters.
Otmar Szafnauer, chief operating officer of the team, told reporters that the team may have to get into some form of administration before they can get themselves started. a healthier financial base.
Force India is currently in Budapest and will continue to prepare for the Hungarian Grand Prix on Sunday, the last race before the August break.
A source close to the case told Reuters that the action had been triggered by Mexican pilot Sergio Perez, who owed more than $ 4 million as part of the sponsorship agreements made to the company. British team.
The Mercedes engine supplier owed about 13 million euros ($ 15.15 million), added the same source, the main BWT sponsor being also involved.
There was no immediate comment from the team on the details of the case.
The Companies Court had named Force India in a corporate liquidation list, published on the website of justice.gov.uk, scheduled for hearings in the London High Court on Wednesday, July 25.
"Within a week or two at most, our financial future will become clearer and I believe it's much safer," Szafnauer said Friday.
The website motorsportweek.com suggested that a "pre-packaging" agreement could have been put in place, with a sale of the company and assets negotiated before the appointment of directors and the change of owner soon after.
Sources close to the team said the rating was wide, but suggested that there were up to five interested parties.
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Lawrence Stroll, the billionaire father of Canadian pilot Lance, is ready to invest in Force India as part of an initiative by his son Williams.
Stroll did not comment on the reports.
Another potential competitor is Russian fertilizer billionaire Dmitry Mazepin, whose son Nikita is taking part in the GP3 support series and is a development pilot for Force India.
Szafnauer had previously stated that he did not know what would be the result, but the recognized administration could be one of two possible solutions and "whatever the route, I think that the Team will be fine.
Perez described the situation as "critical" on Thursday, also recognizing that his own future was uncertain.
Szafnauer used a similar language on Friday.
"We are just in this critical period, which could last a week or two. We have to keep our heads down, do our best here, go and enjoy our break, after the test, then come back fight afterwards, " he said.
Force India's problems are well-documented, the co-owner and the main Mallya fighting an attempt by India to extradite Britain to face charges of fraud, which is not the only way to help. ;he denies.
A group of Indian banks is seeking to recover more than $ 1 billion in loans from its defunct Kingfisher airline.
Mallya denounced a "political witchcraft" and said that he was looking to sell assets worth about 139 billion rupees ($ 2.03 billion) to repay the creditors.
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