West Asset Holdings Pty Limited v Sara Investments (NSW) Pty Limited [2022] NSWSC 674

Supreme Court New South Wales

Medium Neutral Citation: West Asset Holdings Pty Limited v Sara Investments (NSW) Pty Limited [2022] NSWSC 674 Hearing dates: 29-31 March; 3 May 2022 Decision date: 27 May 2022 Jurisdiction: Equity Before: Lindsay J Decision: Subject to allowing the parties an opportunity to make submissions about the form of orders to be made, competing claims for damages and costs: 1. An order for specific performance is to be made in favour of the first plaintiff as purchaser of warehouse premises from the first defendant. 2. The second defendant's current occupation of the premises has been held to be that of a monthly tenant. 3. The second plaintiff has been held to have no right, title or interest in the land. Catchwords: CONTRACTS — Remedies — Specific performance LAND LAW — Conveyancing — Options — Call options Legislation Cited: Supreme Court Act 1970 NSW Uniform Civil Procedure Rules 2005 NSW Cases Cited: Allen v Carbone (1975) 132 CLR 528 Eccles v Bryant [1948] Ch 93 Foran v Wight (1989) 168 CLR 385 King v Poggioli (1923) 32 CLR 222 Mahoney v Lindsay (1980) 55 ALJR 118; 33 ALR 601 Peter Turnbull & Co Pty Ltd v Mundus Trading Co (Australasia) Pty Ltd (1954) 90 CLR 235 Pianta v National Finance & Trustees Ltd (1964) 180 CLR 146 RD McKinnon Holdings Pty Ltd v Hind [1984] 2 NSWLR 121 Ryledar Pty Ltd v Euphoric Pty Ltd (2007) 69 NSWLR 603 Smith v Lush (1952) 52 SR (NSW) 207 Category: Principal judgment Parties: First Plaintiff: West Asset Holdings Pty Limited ACN 636 708 042 Second Plaintiff: Central Cleaning Supplies (Aust) Pty Ltd ACN 112 644 587 First Defendant: Sara Investments (NSW) Pty Limited ACN 099 530 275 Second Defendant: Bulolo Investments Pty Ltd ACN 624 228 164 First Cross Claimant: Sara Investments (NSW) Pty Limited ACN 099 530 275 Second Cross Claimant: Bulolo Investments Pty Ltd ACN 624 228 164 First Cross Defendant: West Asset Holdings Pty Limited ACN 636 708 042 Second Cross Defendant: Central Cleaning Supplies (Aust) Pty Ltd ACN 112 644 587 Representation: Counsel: Plaintiffs/Cross Defendants: J Morris SC and SC Woodland (on 29-31 March 2022) and J Morris SC (on 3 May 2022) Defendants/Cross Claimants: A Rossi with V Rossi and F G Rossi, by leave as self represented litigants (on 29-31 March 2022) and K Kutasi, solicitor (on 3 May 2022)