King Mortgages v Satchithanantham; Cash King v Satchithanantham [2006] NSWSC 1303

New South Wales Supreme Court

CITATION : King Mortgages v Satchithanantham; Cash King v Satchithanantham [2006] NSWSC 1303

HEARING DATE(S) : 1/8/06, 2/8/06, 3/8/06, 7/8/06, 8/8/06, 9/8/06, 10/8/06, 11/8/06

JUDGMENT DATE : 8 December 2006

JUDGMENT OF : Bell J at 1

DECISION : See paragraph [158]

CATCHWORDS : Mortgages over family home - application of principles in Yerkey v Jones to a case outside that of a guarantee - Contracts Review Act 1980 - whether loan agreement and mortgage unjust - asset lending - unfair pressure by lender

Contracts Review Act 1980 LEGISLATION CITED : Conveyancers Licensing Act 2003 Real Property Act 1900

Collins v Parker (unreported) 11 May 1984 Commercial Bank of Australia Limited v Amadio (1982-1983) 151 CLR 447 Elkofairi v Permanent Trustee Co [2002] NSWCA 413 Ellison v Vukicevic (1986) 7 NSWLR 104 Esanda Finance Corporation Ltd v Tong (1996-1997) 41 NSWLLR 482 Garcia v National Australia Bank [1998] HCA 48; 194 CLR 395 CASES CITED : Guardian Mortgages v Miller [2004] NSWSC 1236 Johnson v Buttress (1936) 56 CLR 113 Perpetual Trustee Company Limited v Albert and Rose Khoshaba [2006] NSWCA 41 Takemura v National Australia Bank Ltd [2003] NSWSC 339 Toscano v Holland Securities Pty Ltd (1985) 1 NSWLR 145 Yerkey v Jones (1939) 63 CLR 649 Zanzoul v Westpac Banking Corporation (1995) NSW Conv R 55-749.

King Mortgages Pty Limited (ACN 62 105 890 971) (Plaintiff) PARTIES : Hemalathasothy Ranjini Satchithanantham (Defendant) Cash King Pty Limited (ACN 191 086 718 407) (Plaintiff) Hemalathasothy Ranjini Satchithanantham (Defendant)