Perpetual Nominees Limited v Aus Constructions Pty Limited and Ors [2005] NSWSC 1199

New South Wales Supreme Court

CITATION : Perpetual Nominees Limited v Aus Constructions Pty Limited and Ors [2005] NSWSC 1199

HEARING DATE(S) : 20 October 2005

JUDGMENT DATE : 20 October 2005

JURISDICTION : Possession List

JUDGMENT OF : Johnson J at 1

DECISION : 1. Judgment be entered for the Plaintiff against the Third and Fourth Defendants in the sum of $4,773,587.93; 2. The Third and Fourth Defendants are to pay the Plaintiff's costs of these proceedings.

CATCHWORDS : CONTRACTS - loans for purposes of residential unit development - claim under loan agreements and guarantees - application for summary judgment against guarantors - issue estoppel - summary judgment granted

Corporations Act 2001 LEGISLATION CITED : Uniform Civil Procedure Rules

Dey v Victorian Railway Commissioners (1949) 78 CLR 62 at 91 General Steel Industries Inc v Commissioner of Railways (NSW) (1964) 112 CLR 125 Webster v Lampard (1993) 177 CLR 598 Cosmos E-Commerce Pty Ltd v Bidwell & Associates Pty Ltd [2005] NSWCA 81 Perpetual Nominees v Masri Apartments [2004] NSWSC 551 CASES CITED : Masri Apartments Pty Ltd (In Liquidation) v Perpetual Nominees Ltd [2004] NSWCA 255 Masri Apartments Pty Ltd (In liquidation) v Perpetual Nominees Ltd [2004] NSWCA 471 Blair v Curran (1939) 62 CLR 464 Peppers Hotel Management Pty Ltd v Hotel Capital Partners Limited [2004] NSWCA 114 Kuligowski v Metrobus (2004) 208 ALR 1; [2004] HCA 34

Perpetual Nominees Limited (Plaintiff) Aus Constructions Pty Limited (First Defendant) PARTIES : Masri Apartments Pty Limited (Second Defendant) Lawrence Deboni (Third Defendant) Samir Masri (Fourth Defendant)