ASX 2.30% $57.75 asx limited

ASX is sued by ISX in Fed court, page-209

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    Great to see the ASX holding up so well. Perhaps someone can give us some insight into why this is.
    I understand that a suspended company can sue ASX in federal court but what happens when a company is delisted? Is there the same legal ramifications?
    Has there ever been a company reinstated after delisting and can the entity relist as a shell for perhaps a backdoor listing. Or is that it for the ticker code until its adopted by another listing company sometime in the future?
 
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