Cox v Esanda Finance [2000] NSWSC 502

New South Wales Supreme Court

CITATION : Cox v Esanda Finance [2000] NSWSC 502 revised - 12/07/2000 CURRENT JURISDICTION: Equity Division Commercial List FILE NUMBER(S) : SC 50148/99 HEARING DATE(S) : 31.1.00, 1.2.00, 3.2.00, 7.2.00, 8.2.00, 9.2.00, 10.2.00, 14.2.00, 15.2.00, 16.2.00, 17.2.00, 18.2.00, 21.2.00, 22.2.00, 23.2.00, 24.2.00, 28.2.00, 29.2.00. JUDGMENT DATE : 8 June 2000

PARTIES : Anthony Robert William Cox -v- Esanda Finance Corporation Limited & ANZ Banking Group Limited JUDGMENT OF : Hunter J

COUNSEL : Plaintiff - A R W Cox (In person) Defendants - R E Montgomery SOLICITORS : Plaintiff - A R W Cox (In person) Defendants - Coudert Brothers CATCHWORDS : Banker and customer - partial financing of subdivision project - unreasonable refusal to provide additional finance - misleading conduct - fraudulent representation - deed of release - whether void for undue pressure - exercise of power of attorney clause in mortgage to get in security - RPA Mortgage effected and registered after s 57 notice & prior to transfer in exercise of power of sale - bona fides of sale by mortgagee - conversion of allotments by mortgagee. LEGISLATION CITED : Real Property Act 1900 Crescendo Management Pty Ltd -v- Westpac Banking Corporation (1988) 19 NSWLR 40 Westpac Banking Corporation -v- Cockerill (1998) 152 ALR 267 CASES CITED : Equiticorp Finance Limited (In Liq.) -v- Bank of New Zealand (1992) 29 NSWLR 260 Midland Montagu Australia Ltd -v- Cuthbertson (1989) 17 NSWLR 309 Mathieson -v- Mercantile Finance & Agency Co Ltd (1891) 17 VLR 271 DECISION : Statement of claim dismissed. Plaintiff to pay defendants' costs of proceedings. First Defendant's cross-claim dismissed with no further order as to costs.