Harriette & Co Pty Ltd v Platine Property Development Pty Ltd (No 2) [2022] NSWSC 1611

Supreme Court New South Wales

Medium Neutral Citation: Harriette & Co Pty Ltd v Platine Property Development Pty Ltd (No 2) [2022] NSWSC 1611 Hearing dates: 17 and 24 November 2022 Date of orders: 24 November 2022 Decision date: 24 November 2022 Jurisdiction: Common Law Before: Walton J Decision: Orders and notations at [49] Catchwords: PRACTICE AND PROCEDURE – Interlocutory injunction – interim relief – application to extend interlocutory injunction – prima facie case – balance of convenience – change in circumstances – where earlier proceedings found finance for $6 million likely to be approved imminently – where finance was not approved since the earlier proceedings – where reconsideration of the balance of convenience required PRACTICE AND PROCEDURE – Interlocutory injunction – interim relief – balance of convenience – change in circumstances – where loan documents provided for $4.9 million – where undertakings for payment into Court made – where assurances made as to friendly caveats PRACTICE AND PROCEDURE – Interlocutory injunction – principle in Inglis v Commonwealth – exception in Harvey v McWatters – power of judicial sale – whether as of right or discretionary – conflicting authority – not appropriate to decide conflicting lines of authority in expedited hearing for interlocutory relief in Duty List Legislation Cited: Conveyancing Act 1919 (NSW), ss 109, 111 Real Property Act 1900 (NSW), ss 57, 58 Uniform Civil Procedure Rules 2005 (NSW), r 41.11 Cases Cited: Appleton Papers Inc v Tomasetti Paper Pty Ltd [1983] 3 NSWLR 208 Australia and New Zealand Banking Group Pty Ltd v Donnelly [2012] NSWSC 1615 Bellevarde Constructions Pty Ltd v Cosmas Pty Ltd [2016] NSWSC 406 E & P Developers P/L v D J Capital Solutions Limited [2005] NSWSC 1110 Harriette & Co Pty Ltd v Platine Property Development Pty Ltd [2022] NSWSC 1536 Harvey v McWatters (1948) 49 SR(NSW) 173 Hillston Grove Vineyards Ltd v Lushvale P/L [2000] QSC 1 Inglis v Commonwealth Bank of Australia (1971) 126 CLR 161 Ippin Textiles Pty Ltd v Winau Aust Pty Ltd (2021) 386 ALR 268; [2021] NSWCA 9 Liristis v Bank of Western Australia [2002] NSWSC 1119 Parist Holdings Pty Ltd v Perpetual Nominees Ltd (2006) NSW ConvR 56-161; [2006] NSWSC 599 Solomon-Innes v Carter-Lannstrom [2017] QSC 49 Sood v Christianos [2008] NSWSC 1087 Wenkart v Pantzer (2013) 215 FCR 470; [2013] FCAFC 81 Wilby v St George Bank (2001) 80 SASR 404; [2001] SASC 388 Texts Cited: Sykes and Walker, The Law of Securities (5th ed, Law Book Co) Practice Note SC CL 5 Category: Principal judgment Parties: Harriette & Co Pty Ltd (Plaintiff / Cross-Defendant / Respondent) Platine Property Development Pty Ltd (First Defendant / First Cross-Plaintiff / First Applicant) Yubo Chen (Second Defendant / Second Cross-Plaintiff / Second Applicant) Michelle Chen (Third Defendant / Third Cross-Plaintiff / Third Applicant) Representation: Counsel: J Jaffray with N Condylis (Applicants) M Condon with N Kabilafkas and D Southwood (Respondent)