Pankaj Oswal

Norwegian fertiliser company Yara International ASA has lifted its stake in Burrup Holdings to 35 per cent after purchasing additional equity from the company's founder and chairman Pankaj Oswal.

Congratulation to WA's Top Young Acheivers.

HOMES in Mosman Park attract prices of $5,000 to $7,000 per square metre, depending on their proximity to the water.

The dispute between Burrup Holdings managing director Pankaj Oswal and the company's 35 per cent shareholder Yara Australia has escalated after Burrup blocked an independent audit of its financial accounts.

Burrup Holdings has claimed that a legal battle with its 35 per cent shareholder Yara Australia is "a cynical attempt to muddy the waters" in relation to a commercial dispute over the pricing of its ammonia exports.

A major restructure of Pilbara fertiliser producer Burrup Holdings is believed to be under discussion in a bid to resolve the ongoing battle between its estranged owners, Indian businessman Pankaj Oswal and Norwegian giant Yara International.

ANZ Banking Group placed Burrup Fertilisers into receivership late Friday after it was unable to broker a settlement between the group's estranged shareholders, Pankaj Oswal and Norwegian group Yara International.

Burrup Fertilisers' creditors meeting tomorrow will be without its star attraction, after Pankaj and Radhika Oswal said they would not return, and added that Perth may not be part of their future plans.

Pankaj Oswal has been accused of producing misleading information after he said he offered to deposit $20 million into Burrup Fertilisers to "avoid expensive and damaging litigation" stemming from the investigation of Burrup's financial irregularities.

The sudden departure of the Oswals leaves many questions unanswered.

A stand-off between Pankaj Oswal and his business partner, Norwegian company Yara International, has prompted Yara to halt its plans for a $US700 million ammonium nitrate plant on the Burrup Peninsula.

Fertiliser tycoon Pankaj Oswal has let loose on the administrators of Burrup Fertilisers, saying their mismanagement of the plant is diminishing shareholder value and could have already cost up to $US100 million in revenue.

Beleaguered fertiliser tycoon Pankaj Oswal says PPB Advisory has used Burrup Fertilisers funds in an “irresponsible and unacceptable manner” since being appointed receiver and manager of the company in December last year.

Tap Oil says it expects any bidders for Burrup Fertilisers will have to contact it, as the legal and contractual disputes over its gas supply deal with Burrup escalate.

Pankaj Oswal has launched further legal action against PPB Advisory, calling into question the insolvency firm’s release of confidential documents pertaining to Burrup Fertilisers, which could affect bidding for the sale of the plant.

Pankaj Oswal and Radhika Oswal and their former business partner, Norwegian chemicals giant Yara International, have both claimed victories in the Supreme Court of Western Australia today, in a battle over the appointment of directors to Burrup Holdings.

WHEN Pankaj Oswal emerged with a 5 per cent stake in listed Phosphate Australia in late 2008 – a little more than $2 million for 5.5 million shares at an average of 36 cents each – he was at the top of his game.

Apache Corporation today confirmed it has signed a deal with ANZ Bank to buy the 65 per cent interest in Burrup Holdings once held by the Oswal Group.ANZ, which was owed nearly $900 million by the Oswal family, seized the stake in the company a year ago.

EXCLUSIVE: Western Australia could lose a major economic development opportunity in the South West if the $3.7 billion Perdaman Chemicals and Fertilisers urea project is forced to look east for vital coal feedstock, its boss Vikas Rambal has warned.

Vikas Rambal is pushing ahead with his multi-billion dollar fertiliser plant and pursuing a newfound appetite for property investment.

Pankaj Oswal has lost a bid to delay a $500 million lawsuit in which he is suing Apache Corporation over damages related to the cost overrun on the development of Burrup Fertilisers’ ammonia plant in the Pilbara.

Successfully doing business in India involves navigating a labyrinthine world usually impenetrable to outsiders.

Perth's infamous eyesore mansion, dubbed the Taj Mahal on the Swan, will be demolished after the former fertiliser magnates who didn't complete it reached an agreement with the local council.

Norwegian company Yara International has moved to full ownership of the giant ammonia plant built by Pankaj Oswal in the Pilbara, paying a price that reflects the expected impact of higher gas prices in future.

Indian businessman Pankaj Oswal misappropriated more than $150 million in company funds for his Perth homes, a vegetarian restaurant chain, luxury cars and planes, a court has heard.

A senior ANZ executive denies putting Indian businessman Pankaj Oswal in a headlock or threatening his wife that she too could end up in jail for fraud, a trial has heard.

Indian businessman Pankaj Oswal admits he benefited from some payments using Australian fertiliser company money, a court has heard.

Pankaj and Radhika Oswal are close to settling their legal battle with ANZ Banking Group, but are unlikely to end up with the $1.5 billion to $2.5 billion they wanted.

Indian business couple Pankaj and Radhika Oswal are "very satisfied" with a commercial settlement with the ANZ Banking Group believed to be worth hundreds of millions following their high profile legal dispute.

Perth's ‘Taj Mahal on the Swan’, the unfinished, derelict mansion owned by Pankaj and Rhadika Oswal, is finally being demolished. CLICK THROUGH TO SEE MORE PHOTOS.