NSW Caselaw
Reported Decision : (2006) NSW ConvR 56-161
New South Wales Supreme Court
CITATION : Parist Holdings Pty Ltd v Perpetual Nominees Ltd [2006] NSWSC 599
HEARING DATE(S) : 17 and 18 May 2006
JUDGMENT DATE : 18 May 2006
JURISDICTION : Equity
JUDGMENT OF : Hamilton J
DECISION : Application for injunction to restrain exercise of power of sale under mortgage refused.
CATCHWORDS : MORTGAGES [50] – Mortgages and charges generally – Remedies of mortgagee – In general – Injunction to restrain exercise of mortgagee's powers – Necessity for offer of redemption and payment into court – Exceptions.
Australia and New Zealand Banking Group Limited v Bangadilly Pastoral Commercial Limited (1978) 139 CLR 195 Grose v St George Commercial Credit Union Limited (1991) NSW ConVR 55-586 Harvey v McWatters (1948) 49 SR (NSW) 173 Inglis v Commonwealth Trading Bank of Australia (1972) 126 CLR 161 CASES CITED : Notaras v Sly & Weigall [2005] NSWCA 235 Pendlebury v Colonial Mutual Life Assurance Society Limited (1912) 13 CLR 676 The Hon Justice John Bryson, Restraining Sales by Mortgagees and a Curial Myth (1993) 11 Aust Bar Rev 1 P W Butt, Note (1989) 63 ALJ 696 E L J Tyler, P W Young and Clyde Croft, Fisher and Lightwood's Law of Mortgage (2nd Aust Ed, 2005) at [20.24] P W Young, A Mortgagor's Right to Approach the Court (1993) 1 APLJ 61
PARTIES : Parist Holdings Pty Limited (P) Perpetual Nominees Limited (D)
FILE NUMBER(S) : SC 2704/06
COUNSEL : J S Drummond & H Woods (P) A J Sullivan QC & E C Muston (D)
SOLICITORS : KB Legals Pty Ltd (P) Gray & Perkins (D)
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