July 20 (Reuters) - Australian Government Takeovers Panel :
* says on 25 june 2015, echo received a section 249d notice
* declined to conduct proceedings on an application dated 10 july 2015 from echo resources limited in relation to its affairs
* concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances & declined to conduct proceedings
* echo submitted that michael soucik was an associate of the requisitioning associates and that the substantial holder notice lodged by them was deficient
* notice seeking removal of two directors and notice of intention to convene meeting for appointment of two new directors
* Source text (http://bit.ly/1gJzGqu)