Supreme Court grants leave to appeal

Summary by 6ix AI

Bathurst Resources Ltd has announced that the Supreme Court of New Zealand has granted it leave to appeal a previous decision by the Court of Appeal regarding a performance payment liability. The Court of Appeal had dismissed Bathurst's challenge to a High Court judgment that held the company liable for a significant payment to L&M Coal Holdings Limited. The directors and legal counsel of Bathurst expressed satisfaction with the Supreme Court's decision, although a date for the appeal hearing has not yet been set.

Written by 6ix AI from the company’s filing. How 6ix writes summaries