Dib & Anor v Taylor & Ors (No 2) [2008] NSWSC 503

New South Wales Supreme Court

CITATION : Dib & Anor v Taylor & Ors (No 2) [2008] NSWSC 503

HEARING DATE(S) : 22 May 2008 JURISDICTION : Equity

JUDGMENT OF : Jagot AJ

EX TEMPORE JUDGMENT DATE : 22 May 2008

CATCHWORDS : CORPORATIONS - company co-owner of land with plaintiffs - company sole owner of building on land - apportionment of funds paid into Court after sale of land - valuation of land and building to determine respective entitlements

CATEGORY : Principal judgment

CASES CITED : Dib & Anor v Taylor & Ors [2008] NSWSC 493

FIRST PLAINTIFF Mohamed Dib

SECOND PLAINTIFF Sanaa Dib

PARTIES : FIRST DEFENDANT Barry Taylor

SECOND DEFENDANT AHJ Group Pty Limited (in liquidation)

THIRD DEFENDANT Salah Dib

FILE NUMBER(S) : SC 3399 of 2006

Mr V R W Gray - plaintiffs COUNSEL : Mr Michael S Henry - second defendant Mr M France, solicitor - third defendant (costs)

Corporate & Civil Legal - plaintiffs SOLICITORS : Turkslegal - second defendant Watson Mangioni - third defendant

IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION

Jagot AJ

22 May 2008

3399 of 2006 MOHAMED DIB & ANOR v BARRY TAYLOR & ORS JUDGMENT 1 HER HONOUR: I delivered judgment yesterday rejecting the plaintiffs' claim that a binding compromise had been agreed between the parties (Dib & Anor v Taylor & Ors [2008] NSWSC 493). In consequence the remaining issue is the entitlement of the parties to the money paid into Court, being the balance of the proceeds of sale of the land and childcare centre business on a property known as 1412 – 1420 Camden Valley Way, Leppington (being lot 8 in deposited plan 27877).