NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: Parsi v Li [2021] NSWSC 358 Hearing dates: 30 March 2021 Decision date: 30 March 2021 Jurisdiction: Equity Before: Ward CJ in Eq Decision: 1. Pursuant to s 98 of the Trustee Act 1925 (NSW), order that the funds in Court, being the residue of the proceeds of sale of the land known as 13/4-5 St Andrews Place, Dundas, together with all interest earned on those funds be paid to the applicant in his capacity as administrator of the estate of Zhili Wu, also known at Match Wu. 2. Order that the applicant's costs of this motion be costs in the administration of the estate of Zhili Wu, also known as Match Wu. Catchwords: SUCCESSION – Administration of estates – Application under Trustee Act 1925 (NSW), s 98 – Funds held in Court represent surplus proceeds of mortgagee sale – Distribution order Legislation Cited: Trustee Act 1925 (NSW), s 98 Uniform Civil Procedure Rules 2005 (NSW), r 55.11 Cases Cited: ANZ v Maunder [2009] NSWSC 1356 Chong v Super Equity Invests Pty Ltd [2012] NSWSC 27 Commonwealth Bank v Estate of late Slieman [2010] NSWSC 661 In the matter of C & L Cameron Pty Ltd - GB Gazzana v Nadalan Enterprises Pty Ltd; AF Gazzana v Nadalan Enterprises Pty Ltd [2012] NSWSC 676 Category: Consequential orders Parties: Kurosh Parsi (Plaintiff/Applicant) Xuemin Li (Defendant/Respondent) Representation: Counsel: W Annis-Brown (Plaintiff)
Solicitors: Lincoln Smith & Company (Plaintiff) File Number(s): 2015/00363260 Publication restriction: Nil
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