Bird In The Hand 2 Pty Ltd v S&K Johnson Construction Pty Ltd [2024] NSWSC 560

Supreme Court New South Wales

Medium Neutral Citation: Bird In The Hand 2 Pty Ltd v S&K Johnson Construction Pty Ltd [2024] NSWSC 560 Hearing dates: 29 April, 3 May 2024 Date of orders: 3 May 2024 Decision date: 03 May 2024 Jurisdiction: Equity - Real Property List Before: Parker J Decision: See [64] Catchwords: COSTS — security for costs — corporate plaintiff — off the plan development — application by plaintiff for statutory leave to rescind — plaintiff a special purpose vehicle — overall loss projected for development but loan facility funds available to pay legal costs — inability to pay not established — proceedings defensive in nature — application for security refused Legislation Cited: Conveyancing Act 1919 (NSW) Corporations Act 2001 (Cth) Evidence Act 1995 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Aquatown Pty Ltd v Holder Stroud Pty Ltd [1995] FCA 1667 Aurora Networks v Helbedl [2013] FCA 632 Classic Ceramic Importers v Ceramica Antiga SA (1994) 13 ACSR 263 Heller Factors v John Arnold's Surf Shop (1979) 4 ACLR 492 Monto Coal 2 Pty Ltd v Sanrus Pty Ltd [2019] 3 Qd R 143 Oswal v Commissioner of Taxation [2015] FCA 1366 Willey v Synan (1935) 54 CLR 175 Texts Cited: Nil. Category: Procedural rulings Parties: Notice of Motion filed 15 April 2023 S&K Johnson Constructions Pty Limited (First Applicant/First Defendant) Maggie-Rose Melanie Sciascia (Second Applicant/Second Defendant) Dean John Glen-Holmes (Third Applicant/Fourth Defendant) Rebecca Ann Benney (Fourth Applicant/Fifth Defendant) Gregory John Chapman (Fifth Applicant/Sixth Defendant) Daniel Gregory Chapman (Sixth Applicant/Seventh Defendant) Brock Anthony King (Seventh Applicant/Eighth Defendant) Stephen Schulter Schulter (Eighth Applicant/Ninth Defendant) Lynn-Holly Casolocan Ting (Ninth Applicant/Tenth Defendant) Pervin Rajah (Tenth Applicant/Eleventh Defendant) Timothy Malcolm Cole (Eleventh Applicant/Twelfth Defendant) Alison Morag Russell (Twelfth Applicant/Thirteenth Defendant) Clint Mathew (Thirteenth Applicant/Fifteenth Defendant) Shoby Alias (Fourteenth Applicant/Sixteenth Defendant) Bird In The Hand 2 Pty Limited (Respondent/Plaintiff) Representation: Counsel: A Avery-Williams (Applicants) D R Pritchard SC/J J Young (Respondent)