SMITH v AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED [1995] NSWCA 439
NSW Caselaw
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SMITH v AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED
SUPREME COURT OF NEW SOUTH WALES — COURT OF APPEAL
SHELLER JA
10 July 1995
[1995] NSWCA 439
Sheller JA. This is an application by the claimant/appellant in an appeal from
a decision of Young J of 16 June 1995. The claimant seeks orders directed to
preventing the opponents taking part in discharging a charge given by the third
opponent to the first opponent. The claimant claims to be subrogated to the rights
of the Bank to the benefit of that charge against the company. All parties joined
in an application to have the hearing of the appeal expedited.
It is apparent that if the charge is discharged the appeal will become futile. This
is because his Honour dismissed the claimant's application to rely upon the
charge; that dismissal the claimant now challenges. It is also apparent that
completion of the winding up will be delayed by the continuance of the charge
on foot. In the circumstances I am satisfied that the appeal is one appropriatefor
expedition category "C' and on that basis I am prepared to make the other orders
sought by the claimant.
I make orders 1, 2, 3 and 4 in the notice of motion.
Orders accordingly.