BizPay Group Pty Ltd v Bio Tec Pty Ltd [2024] NSWSC 1583

Supreme Court New South Wales

Medium Neutral Citation: BizPay Group Pty Ltd v Bio Tec Pty Ltd [2024] NSWSC 1583 Hearing dates: 05 December 2024 Date of orders: 11 December 2024 Decision date: 11 December 2024 Jurisdiction: Common Law Before: Harrison CJ at CL Decision: Order that the plaintiffs provide security for the defendants' costs in a total amount of $405,301.28 in a form suitable to the defendants. Catchwords: COSTS – security for costs – impecunious plaintiffs –undertaking offered by a third party to the proceedings – adequacy of undertaking – ability to realise assets – effect of delay on the plaintiffs – plaintiffs to provide security Legislation Cited: Conveyancing Act 1919 (NSW), s 37A Corporations Act 2001 (NSW), s 1335 Uniform Civil Procedure Rules 2005 (NSW), r 42.21 Cases Cited: ACN 105 921 962 Pty Ltd v Wiggett [2012] NSWSC 1526 Beach Petroleum NL v Johnson (1992) 7 ACSR 203 Chief Disruption Officer Pty Ltd v Michel [2022] FCA 148 Direct Flow Pty Ltd t/a Arthur Rubber v Andrew Peterson t/a Maxx Rubber [2023] NSWSC 318 Mathew (SA) Nominees Pty Ltd v Belconnen Automotive Pty Ltd [2019] SASC 39 Suchand Pty Ltd v Jonathon Kingsley Colbran and Richard Stone as Receivers and Managers of Suchand Pty Ltd [2024] NSWCA 250 Treloar Constructions Pty Ltd v McMillan [2016] NSWCA 302 Vintage Marine Art Pty Ltd v Henderson & Cremer (No 2) [2019] NSWCA 252 Category: Principal judgment Parties: Bizpay Group Limited (First Plaintiff) BP Fiduciary Pty Ltd (Second Plaintiff) Bio Tec Pty Ltd (First Defendant) Mike Larry (Second Defendant) Roy Maalouf (Third Defendant) Representation: Counsel: D Parish (Plaintiff) E Glover (First and Second Defendants) J Sukkar (Third Defendant)