Capital Securitisation Limited v Jammal [2007] NSWSC 1073

New South Wales Supreme Court

CITATION : Capital Securitisation Limited v Jammal [2007] NSWSC 1073

HEARING DATE(S) : 7, 8, 9 August 2007

JUDGMENT DATE : 27 September 2007

JURISDICTION : Equity Division Expedition List

JUDGMENT OF : Bergin J

DECISION : Plaintiff entitled to entry of judgment and appointment of trustees for sale of properties.

CATCHWORDS : [CONTRACT/GUARANTEES] - Whether loan agreement dated 18 June 2005 entered into in February 2006 - Whether mortgages provided in respect of that loan agreement - Whether guarantors to earlier loan agreement between different parties discharged - Whether clause in earlier loan agreement in relation to interest rate for late payment a penalty

Conveyancing Act 1919 LEGISLATION CITED : Corporations Act 2001 (Cth) Real Property Act 1900

Beil v Pacific View (Qld) Pty Limited [2006] QSC 199 Burnes v Trade Credits Limited (1981) 34 ALR 459 Commissioner of Stamp Duties (NSW) v Carlenka Pty Limited (1995) 41 NSWLR 329 CASES CITED : HCK China Investments Limited v Solar Honest Limited (1999) 165 ALR 680 O'Dea v Allstates Leasing System (WA) Pty Limited (1983) 152 CLR 359 Ringrow Pty Limited v BP Australia Pty Limited (2005) 224 CLR 655 Winstone Limited v Bourne [1978] 1 NZLR 94 Wood Hall Limited v Pipeline Authority (1979) 141 CLR 443

Capital Securitisation Limited - plaintiff Joseph Jammal - first defendant Violet Therese Jammal - second defendant PARTIES : Tony Jammal - fourth defendant Nadia Jammal - fifth defendant Daymill Pty Limited - sixth defendant Lukibar Investments Pty Limited - seventh defendant