Inchgower Co Pty Limited & 2 Ors v NAB [2003] NSWSC 390

New South Wales Supreme Court

CITATION : Inchgower Co Pty Limited & 2 Ors v NAB [2003] NSWSC 390 HEARING DATE(S) : 2 May 2003 JUDGMENT DATE : 13 May 2003 JURISDICTION: Common Law JUDGMENT OF : Master Harrison DECISION : (1) The plaintiff has leave to file a FASC. Such FASC is to be filed within 14 days; (2) Paragraphs 1 and 2 of the defendant's notice of motion are dismissed; (3) The first plaintiff is to provide security for costs in the sum of $10,000. Such security is to be provided within 28 days otherwise the proceedings are stayed until such security is provided; (4) Each party is to pay its own costs.

CATCHWORDS : Summary judgment - Secutiry for costs Companies Act 1948 (UK) - s 447 LEGISLATION CITED : Corporation Act - s 1335 Supreme Court Rules - Pt 13 r 5; Pt 15 r 26; Part 53(2)(e) Agar v Hyde (2000) 201 CLR 552; [2000] HCA 41 Air Services Australia v Zarb (NSWCA unreported, 26 August 1998) Bell Wholesale v Gates Export (1984) 2 FCR 1 BPM Pty Ltd v HPM Pty Ltd (1996) 131 FLR 347 Causley & Anor v Countryside (No 3) Pty Ltd & Ors NSWCA unreported 2 September 1996 CASES CITED : Dey v Victorian Railways Commissioners (1949) 78 CLR 62 General Steel Industries Inc v Commissioner for Railways (NSW) (1964) 112 CLR 125 John Bishop (Caterers) Ltd & Anor v National Union Bank Ltd & Ors [1973] 1 All ER 707 Pearson & Anor v Naydler & Ors 1997 1 WLR 899 Ravi Nominees Pty Ltd v Philips Fox (1992) 10 ACLC 1313 Webster & Anor v Lampard (1993) 177 CLR 598 Inchgower Co Pty Limited (First Plaintiff)