Banks lose cases against directors over $2.8B collapse of steel giant Arrium

Amy Munro 2021-08-17 12:15 pm By Christine Caulfield | Melbourne

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A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he was not satisfied the directors’ representations on loan drawdown notices were false or that the company was insolvent when it went into voluntary administration in April 2016.

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