Bindaree Beef's Chinese government-owned partner in an export deal gone bad has been lashed as "lacking any commercial moral compass" and ordered to pay the Australian company more than $30 million in compensation.

The deal between Bindaree and Chinatex, a Chinese state-owned corporation, was sealed in mid-2015 and was supposed to have seen Bindaree kill 900 head of cattle a week for Chinatex for three years.

Chinatex would then look to sell the product to customers in China.

But a Supreme Court of NSW judgment released on Friday shows the deal barely got moving before it ran into trouble.