Tinkler says his firm will pay costs order and avoid wind-up

afr.com:

Nathan Tinkler says his firm is planning to pay a legal costs order of $240,000 after the business his private company attempted to sue applied to have Tinkler Group wound up.

It is facing a wind-up action in the Federal Court of Australia brought by Mach Energy, where Mr Tinkler’s former business partner, Kin Chan, is a director, on Tuesday.

The claim by Nathan Tinkler’s firm was dismissed in April. Tash Sorensen

Mr Tinkler’s firm launched a claim against Mach Energy and its former managing director, Scott Winter, in January 2022, who formerly worked for Tinkler Group. Tinkler Group’s claim alleged Mr Winter was involved in $20 million worth of due diligence the group conducted on NSW coal mine Mt Pleasant, and later used that knowledge to help Indonesia’s richest man, Antoni Salim.

Mr Winter was the managing director of Mach Energy from September 2015 to May 2018, a private company ultimately controlled by Mr Salim, and the company that bought the Mt Pleasant mine in 2016.

Tinkler Group alleged Mr Winter disclosed information to Mach Energy which he obtained from his employment at Tinkler Group for a bid for Mt Pleasant. Tinkler Group alleged Mach Energy knew of Mr Winter’s actions and use of information.

Mr Winter and Mach Energy both filed defences to Tinkler Group’s claim.

Mr Chan was an enabler of Mr Tinkler’s business activities a decade ago, but their relationship soured badly and companies linked to Mr Chan spent 2020 buying up the vast majority of debts owed by interests linked to Mr Tinkler.

Tinkler Group’s case against Mach Energy was dismissed in late April because it failed to pay $450,000 in security for legal costs. Justice Ian Jackman gave Tinkler Group, and another Tinkler company Bentley Resources,