SCE Building Constructions Pty Ltd (in liq) v Saad & Ors [2003] NSWSC 796

New South Wales Supreme Court

CITATION : SCE Building Constructions Pty Ltd (in liq) v Saad & Ors [2003] NSWSC 796 HEARING DATE(S) : 31/07/03, 1/08/03 JUDGMENT DATE : 8 September 2003

JUDGMENT OF : Gzell J DECISION : Declaration of resulting trusts and orders for transfer of land and net proceeds of sale

CATCHWORDS : EQUITY - Equitable Doctrines and Presumptions - Resulting trust presumption - Presumption of advancement - Directors of company in liquidation - Land registered in names of directors - Whether purchase price paid by company - Whether resulting trust presumption arose - Whether presumption rebutted Dyer v Dyer (1788) 2 Cox 92 (30 ER 42) Napier v Public Trustee (WA) (1981) 55 ALJR 1 Calverley v Green (1984) 155 CLR 242 CASES CITED : Charles Marshall Pty Ltd v Grimsley (1956) 95 CLR 353 Bateman TV Ltd v Bateman [1971] NZLR 453 Muschinski v Dodds (1984-1985) 160 CLR 583 Meagher and Gummow, Jacobs' Law of Trusts in Australia, 6th ed, Butterworths, Sydney, 1997 Ford and Lee, Principles of the Law of Trusts, 3rd ed, LBC Information Services, Sydney, 1996 SCE Building Constructions Pty Ltd (in liq) - Cross Claimant Saad Saad - 1st Cross Defendant PARTIES : Nadia Saad - 2nd Cross Defendant Danny John Arraj - 3rd Cross Defendant Magney Mortgages Ltd - 4th Cross Defendant FILE NUMBER(S) : SC 4903/01 COUNSEL : Mr R A Parsons - Cross Claimant Mr Abdul Karim - 1st Cross Defendant Nash O'Neil Tomko Layers - Cross Claimant Sandroussi & Associates - 1st Cross Defendant SOLICITORS : Ian Bullock Partners - 2nd Cross Defendant Riley Gray-Spencer - 3rd Cross Defendant Magney & Rhodes - 4th Cross Defendant