Reuters logo
BRIEF-Wollongong Coal updates on legal proceedings in respect of claim by Gujarat NRE Coke
March 31, 2017 / 1:17 AM / 6 months ago

BRIEF-Wollongong Coal updates on legal proceedings in respect of claim by Gujarat NRE Coke

March 31 (Reuters) - Wollongong Coal Ltd

* Update on litigation re coal claims and corporate guarantee commission

* Also dismissed claim brought by Gujarat NRE Coke against Wollongong Coal and Wongawilli in relation to alleged corporate guarantee commission payments

* Consider there is little likelihood of recovery as Gujarat NRE Coke has filed application with National Company Law Tribunal

* Application with National Company Law Tribunal for initiation of corporate insolvency resolution process

* Refers to legal proceedings involving co and unit in respect of claim for monies owed by Gujarat NRE Coke for sale and supply of coal Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below