Yeshiva Properties No 1 Pty Ltd & Ors v Lubavitch Mazal Pty Ltd [2003] NSWSC 755

New South Wales Supreme Court

CITATION : Yeshiva Properties No 1 Pty Ltd & Ors v Lubavitch Mazal Pty Ltd [2003] NSWSC 755 HEARING DATE(S) : 13/08/03 JUDGMENT DATE : 14 August 2003

JUDGMENT OF : Gzell J DECISION : Power of sale not effected by Side Deed. Impropriety not made out. Injunction refused.

CATCHWORDS : CONVEYANCING - Land Titles under the Torrens System - Mortgages, Charges and Encumbrances - Whether Side Deed effected mortgagee's power of sale - Whether mortgagee's exercise of power of sale inpugned for impropriety - Whether injunction should issue LEGISLATION CITED : Real Property Act 1900 Barns v Queensland National Bank Ltd (1906) 3 CLR 925 Public Trustee v Morrison (1894) 12 NZLR 423 Sykes and Walker, The Law of Security, 5th Ed, Law Book Company, Sydney, 1993 Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 CASES CITED : Silkstone Pty Ltd v Devreal Capital Pty Ltd (1990) 21 NSWLR 317 Inglis v Commonwealth Trading Bank of Australia (1971-1972) 126 CLR 161 Maguire v Makaronis (1996) 188 CLR 449 Forsyth v Blundell (1973) 129 CLR 447 Harvey v McWatters (1948) 49 SR (NSW) 173 Yeshiva Properties No 1 Pty Ltd - 1st Plaintiff Yeshiva Properties No 2 Pty Ltd - 2nd Plaintiff Yeshiva Properties No 3 Pty Ltd - 3rd Plaintiff PARTIES : Yeshiva Properties No 4 Pty Ltd - 4th Plaintiff Yeshiva Properties No 5 Pty Ltd - 5th Plaintiff Yeshiva Properties No 6 Pty Ltd - 6th Plaintiff Lubavitch Mazal Pty Ltd - Defendant FILE NUMBER(S) : SC 4342/03 COUNSEL : Mr S J Burchett - Plaintiffs Mr B R McClintock SC and Mr C R C Newlinds - Denfendant SOLICITORS : McCabe Terrill Lawyers - Plaintiffs Kemp Strang Lawyers - Defendant