NATHAN Tinkler's lawyers have made a last ditch attempt to stop the liquidators of his Mulsanne Resources examining him and fellow directors in court.
The former billionaire was due to appear in the NSW Supreme Court on Friday morning to be examined over Mulsanne's failure to pay $28.4 million for buying a major stake in listed coal explorer Blackwood Corporation.
After the matter was adjourned to 1400 AEDT for talks between the parties, Mr Tinkler's barrister Alec Leopold SC told the court that he would be seeking a stay of the proceedings.
He said the same solicitor had acted on behalf of Mulsanne's liquidator Ferrier Hodgson, Blackwood and a major shareholder.
Mr Leopold also said the liquidator had met with Blackwood and the major shareholder.
"The liquidator is not acting in the interest of the creditors as a whole," he said.
The liquidator's barrister, Robert Newlinds SC, said the application was nothing more than a stunt.
He said there was nothing improper about the liquidator meeting with Blackwood or sharing the same solicitor as the coal company was by far the biggest creditor and the others were small claims from other companies owned by Mr Tinkler.
The stay proceedings have been adjourned until Monday, with the public examination of Mr Tinkler and other Mulsanne directors currently listed for Thursday.
Blackwood sued Mulsanne Resources after Mr Tinkler's company agreed last July to buy a 33.85 per cent stake in it for $28.4 million.
However Mulsanne then failed to follow through with the deal.
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