Perdaman moves court against Lanco mortgage of Griffin Coal

After filing a AUD 3.5 billion- lawsuit, Australia's Perdaman Industries has again moved the court against Lanco Infratech seeking a restraint on the Indian major from mortgaging of Griffin Coal in future.

The multinational's injunction application filed on June 29 in an Australian court, comes after the AUD 3.5 billion (Rs 16,600 crore) lawsuit against Lanco alleging non-compliance with coal supply pact for Perdaman's upcoming urea plant in Western Australia.

Also read: Lanco Infra to supply Griffin Coal to Bluewaters Power

"Perdaman applied for an injunction to not allow any future mortgages on Griffin Coal unless 10 days written notice is given to Perdaman," Perdaman Chemicals and Fertilisers Pty Ltd's Director (Corporate) Andreas Walewski told PTI.

An injunction generally refers to a court order that restrains a particular party from doing certain things.

Perdaman Chemicals and Fertilisers, whose parent company is Perdaman Industries, has filed the lawsuit as well as the injunction application against Lanco.

Lanco had acquired Griffin for AUD 730 million in March this year.

"We requested Griffin Coal and Lanco Infratech to produce the documents