Liquidators have begun legal action against Nathan Tinkler and the directors of Mulsanne Resources. Source: AAP
LIQUIDATORS and a major creditor have begun legal action against Nathan Tinkler and the directors of Mulsanne Resources over allegations of insolvent trading and breaching their duties.
The action was launched over a share placement agreement that was approved by Mulsanne Resources' shareholders at a general meeting on July 12 last year.
In February, Mr Tinkler faced two days of questioning in a NSW Supreme Court examination of his personal finances by liquidators for Mulsanne Resources.
Mulsanne was wound up over a $28.4 million debt.
The chief creditor, Blackwood Corporation, and liquidators initiated legal action on Thursday, almost three months after the liquidator conducted public examinations of Mr Tinkler, fellow director Matthew Keen and the former company secretary Aimee Hyde.
"The liquidator has formed the view that there is a case to answer for insolvent trading and breach of directors' duties," Blackwood Corporation company secretary Patrick McCole said in a statement.
He said the liquidator could seek compensation against the directors and officers if the court found them liable for insolvent trading.
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