Permanent Custodians Ltd v Daneshyar Enterprise Pty Ltd [2024] NSWSC 1338

Supreme Court New South Wales

Medium Neutral Citation: Permanent Custodians Ltd v Daneshyar Enterprise Pty Ltd [2024] NSWSC 1338 Hearing dates: 20 August 2024 Date of orders: 24 October 2024 Decision date: 24 October 2024 Jurisdiction: Common Law Before: Walton J Decision: (1) The Notice of Motion filed by the defendant on 28 June 2024 is dismissed. (2) The defendant shall pay the plaintiff's costs of the Notice of Motion. Catchwords: NOTICE OF MOTION – Default Judgment – Application to set aside – Order for payment of debt – Mortgage – Loan agreement – Loan in arrears – Acceleration clause – NSW crimes commission – Restraining orders – Restrained property – Third party authority – Forfeiture – Unconscionable conduct – Delay – Whether arguable defence – Mortgagee's consent – Eviction – Writ of possession – Debt – Money owed – Prejudice Legislation Cited: Crimes Act 1900 (NSW) Property Land Act 1974 (Qld) Cases Cited: Inglis v Commonwealth Trading Bank of Australia (1972) 126 CLR 161 J & M McNamee Holdings Pty Ltd v Mungerie Vale Pty Ltd [2019] NSWCA 283 Kostopoulos v GE Commercial Finance Australia Pty Ltd [2005] QCA 311 National Australia Bank Ltd v C & O Voukidis Pty Ltd [2014] NSWSC 384 National Australis Bank v Priestley (No 3) [2012) NSWSC 1171 RHG Mortgage Securities Pty Ltd v BNY Trust Company of Australia Ltd [2009] NSWSC 1432 Tanwar Enterprises Pty Ltd v Cauchi (2003) 217 CLR 315 Westpac Banking Corporation v Parker [2012] NSWSC 514 Category: Principal judgment Parties: Permanent Custodians Ltd (Plaintiff) Daneshyar Enterprise Pty Ltd (Defendant) Representation: Counsel: M Collins (Plaintiff) S Young (Defendant)