Property giant Mirvac and mining magnate Nathan Tinkler will return to court next week to continue their stoush over a multi-million-dollar agreement to buy industrial land for a new coal terminal in Newcastle.
Mirvac arm Domaine Steel successfully sued two of Mr Tinkler's companies, Ocean Street Holdings and guarantor Buildev Group, in the NSW Supreme Court after they failed to honour the agreement.
Mr Tinkler was given a court-ordered deadline to pay Mirvac $17 million by September 1.
However, as the deadline was missed, Mirvac lodged a contempt of court order to sequester Mr Tinkler's assets.
A directions hearing on the matter was briefing heard in the NSW Supreme Court on Monday and was adjourned to September 18.
