As announced on 20 August 14, the Arbitration between its wholly owned subsidiary, NSL Mining Resources India Private Limited (“Claimant”) and Mega Logistics and Solutions (“Respondent“) has now been concluded, with the arbitrator giving the award entirely in favour of the Claimant.
The award given was for approximately A$250,000 which is related to unrecovered advances (plus interest) paid to Mega Logistics and Solutions for the provision of transport and related services.
During the quarter, the Company continued to further progress the recovery of the award.
250 k would be handy it's only been owing for 30 months but gets a mention every qrtly.
Ann: Quarterly Activities & Cashflow Report, page-102
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