Decision on Statutory Demand from M Resources
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| Stock | Australian Pacific Coal Ltd (AQC.ASX) |
|---|---|
| Release Time | 18 Aug 2026, 1:17 p.m. |
| Price Sensitive | Yes |
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AQC Appeals Court Decision on Statutory Demand
Key Points
- Court of Appeal allowed M Resources' appeal
- Orders of Supreme Court set aside
- AQC to pay M Resources' costs of appeal and original proceeding
- Company reviewing judgment and implications
Full Summary
Australian Pacific Coal Limited (ASX: AQC) has been informed by the Queensland Court of Appeal that the decision of the Supreme Court of Queensland to set aside a statutory demand issued by M Resources Trading Pty Ltd has been overturned. The Court of Appeal allowed M Resources' appeal, setting aside the Supreme Court's orders, dismissing AQC's originating application, and ordering AQC to pay M Resources' costs of the original proceeding and the appeal. AQC is currently reviewing the judgment and its implications and will provide a further update to the market as appropriate.
Outlook
AQC is reviewing the judgment and its implications and will provide a further update to the market as appropriate.
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