March 31 (Reuters) - Wollongong Coal Ltd (WLC) Update on...

March 31 (Reuters) - Wollongong Coal Ltd (WLC)

• 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