A New South Wales Supreme Court judge has acknowledged the serious impact job losses would have on workers, their families and the local community, while ordering a coal mine owned by Sanjeev Gupta into liquidation.
Justice Ashley Black this afternoon ordered Tahmoor Coal, south-west of Sydney, to be wound up in insolvency, after more than a year of delays and voluntary administration.
The mine has been non-operational for more than 12 months, leaving about 500 workers stood down and raising a series of questions about the related-party loans within Mr Gupta’s GFG business empire.
A winding up application against Tahmoor Coal has been approved by the NSW Supreme Court. (ABC Illawarra: Brooke Chandler)
Justice Black acknowledged the human…