Australia, May 4 -- New South Wales Land and Environment Court issued text of the following judgement on April 3:
1. By Originating Process filed on 5 December 2024, the Plaintiff, Metrics Business Finance Holdings Pty Ltd (MBFH), seeks:
1) a declaration that the terms set out in a notice of compulsory acquisition issued to each of the holders of ordinary shares in Navalo Financial Services Group Limited (Compulsory Acquisition Notice) give a fair value, for the purposes of s 664F(3) and s 667C of the Corporations Act 2001 (Cth) (Act), for the shares which are the subject of that notice; and
2) an order under s 664F of the Act approving the acquisition by MBFH of Navalo's ordinary shares on the terms set out in the Compulsory Acquisition...