541 Kent Street Pty Ltd, HMP Finance Pty Ltd, 191 Cleveland Street Pty Ltd & Clarence Street Properties Pty Ltd v Westpac Banking Corporation and John Raymond Gibbons [2002] NSWSC 147

New South Wales Supreme Court

CITATION : 541 Kent Street Pty Ltd, HMP Finance Pty Ltd, 191 Cleveland Street Pty Ltd & Clarence Street Properties Pty Ltd v Westpac Banking Corporation and John Raymond Gibbons [2002] NSWSC 147 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 1677/02 HEARING DATE(S) : 28 February 2002 and 1 March 2002 JUDGMENT DATE : 1 March 2002

541 Kent Street Pty Ltd (First Plaintiff) HMP Finance Pty Ltd (Second Plaintiff) PARTIES : 191 Cleveland Street Pty Ltd (Third Plaintiff) Clarence Street Properties Pty Ltd (Fourth Plaintiff) Westpac Banking Corporation (First Defendant) John Raymond Gibbons (Second Defendant) JUDGMENT OF : Bergin J

D J Fagan SC leading H W D Stowe (Plaintiffs) COUNSEL : B A J Coles QC leading P J Dowdy (First Defendants) P M Stern (Second Defendant) Gillis Delaney Brown (Plaintiffs) SOLICITORS : Henry Davis York (First Defendants) Ernst & Young Law (Second Defendant) CATCHWORDS : Interlocutory application to remove or restrain receiver on grounds of a lack of power or breach of implied good faith in appointment of receiver. Burger King Corporation v Hungry Jacks Pty Ltd [2001] NSWCA 187. CASES CITED : Pan Foods Company Importers and Distributors Pty Ltd & Ors v Australian and New Zealand Banking Group Limited & Ors (2000) 170 ALR 579. Renard Constructions (ME) Pty Ltd v Minister for Public Works (1992) 26 NSWLR 234 DECISION : Application for interlocutory relief dismissed with costs.

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