Gemi Investors Pty Limited v Cetin [2023] NSWSC 1099

Supreme Court New South Wales

Medium Neutral Citation: Gemi Investors Pty Limited v Cetin [2023] NSWSC 1099 Hearing dates: 6-10 and 23 February 2023 Date of orders: 12 September 2023 Decision date: 12 September 2023 Jurisdiction: Equity - Real Property List Before: Williams J Decision: See orders at [153]. Catchwords: LOAN AND GUARANTEES – where lender sought to enforce charging clause in guarantees against guarantors' interests in certain property owned by the guarantors and two other persons as joint tenants – where guarantors alleged they had not signed the loan agreement and guarantees and that the signatures appearing to be theirs were forgeries – where guarantors failed to disclose their onus of proving forgery – where no other ground of opposition raised to lender's claim for order under s 66G of the Conveyancing Act 1919 (NSW) appointing trustees for sale of property on statutory trust for sale – order made. Legislation Cited: Conveyancing Act 1919 (NSW), ss 66F, 66G, 66H Corporations Act 2001 (Cth), s 127 Real Property Act 1900 (NSW), s 74MA Cases Cited: Bluemine Pty Ltd (in liq) v AKA (Civil) Pty Ltd; Earth Civil Australia Pty Ltd (in liq) v AKA (Civil) Pty Ltd; Diamondwish Pty Ltd (in liq) v Ivana Cassaniti; Rackforce Pty Ltd (in liq) v Ivana Cassaniti; RCG CBD Pty Limited (in liq) v Borg Family Pty Ltd [2022] NSWCA 160 Boyd v Thorn (2017) 96 NSWLR 390; (2017) 18 BPR 37,101; [2017] NSWCA 210 Chaudhary v Chaudhary [2016] NSWSC 1423 Damjanovic v York Agencies Pty Ltd [2003] NSWCA 22 Ferella v Official Trustee in Bankruptcy [2015] NSWCA 411 Foundas v Arambatzis [2020] NSWCA 47 Hogan v Baseden (1997) 8 BPR 15,723 Jagatramka v Wollongong Coal Limited [2021] NSWCA 61 Kuhl v Zurich Financial Services Australia Pty Ltd (2011) 243 CLR 361; (2011) 85 ALJR 533; (2011) 276 ALR 375; [2011] HCA 11 Pascoe v Dyason [2011] NSWSC 1217 Re Colorado Products Pty Ltd (in prov liq) (2014) 101 ACSR 233; [2014] NSWSC 789 Vacation Club Ltd v A GG Properties Pty Ltd (2019) 19 BPR 39,799; [2019] NSWSC 1357 Warner v Hung; In the matter of Bellpac Pty Ltd (receivers and managers appointed) (in liquidation) (No. 2) (2011) 297 ALR 56; [2011] FCA 1123 Watson v Foxman (1995) 49 NSWLR 315 Williams v Legg (1993) 29 NSWLR 687; (1993) NSW ConvR 55-670 Woodson (Sales) Pty Ltd v Woodson (Australia) Pty Ltd (1996) 7 BPR 14,685 Texts Cited: N/A Category: Principal judgment Parties: Gemi Investors Pty Ltd (ACN 626 991 213) (Plaintiff) Rahmi Cetin (First Defendant) Nurten Cetin (Second Defendant) Mehmet Cetin (Third Defendant) Sevda Cetin (Fourth Defendant) Representation: Counsel: Mr H W Somerville (Plaintiff) Mr M B Evans (First and Second Defendants) Mr T Tarmo (Solicitor) (Third and Fourth Defendants)