In the matter of Hayvio Pty Ltd - Ottavio v Hayvio Pty Ltd [2011] NSWSC 1125

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Hayvio Pty Ltd - Ottavio v Hayvio Pty Ltd [2011] NSWSC 1125 Hearing dates: 12 September 2011 Decision date: 20 September 2011 Jurisdiction: Equity Division - Corporations List Before: Ward J Decision: Summary judgment for part of plaintiff's claim and orders re costs in respect thereof. Stay of enforcement of part of the judgment sum pending determination of the proceedings, conditional upon payment into Court or securing of balance of judgment sum. Catchwords: CIVIL PROCEDURE - summary judgment application - loan conceded to be repayable - principles applicable to application for stay of judgment - HELD - summary judgment granted - stay of part of judgment sum conditional on payment into court of balance or other security - COSTS - costs orders made in relation to summary judgment application Legislation Cited: Civil Procedure Act 2005 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Adeels Palace Pty Ltd v Moubarah; Adeels Palace Pty Ltd v Najeem (No 2) [2009] NSWCA 130, Alexander v Cambridge Credit Corporation (1985) 2 NSWLR 685 Bowen Investments Pty Limited v Tabcorp Holdings Limited (No 2) [2008] FCAFC 107 Brott v Grey [2000] FCA 1727; (2000) 181 ALR 617 Costain Australia Ltd v State Superannuation Board (unreported Brownie J, 22 February 1991) Dey v Victorian Railways Commissioners (1949) 78 CLR 62 Dodds Family Investments Pty Limited (formerly Solar Tint Pty Limited) v Lane Industries Pty Limited (1993) 26 IPR 261 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (No 3) (1998) 30 ACSR 20 General Steel Industries Inc v Commissioner for Railways (NSW) (1964) 112 CLR 125 James v Surf Road Nominees Pty Limited (No 2) [2005] NSWCA 296 Lavender View Regency Pty Limited v North Sydney Council (No 2) [1999] NSWSC 775 Leallee v Commissioner of the NSW Department of Corrective Services [2009] NSWSC 518 Ogilvie v Adams [1981] VR 1041 Oshlack v Richmond River Council [1998] HCA 11; (1998) 193 CLR 72 Sahab Holdings Pty Limited v Registrar-General and Anor (No 3) [2010] NSWSC 403 Switz Pty Ltd v Glowbind Pty Ltd [2000] NSWSC 222; (2000) 18 ACLC 343 Trade Practices Commission v Nicholas Enterprises Pty Limited (No 3) (1979) 42 FLR 213 Uniline Australia Limited (ACN 010 752 057) v Sbriggs Pty Limited (ACN 007 415 518) and Anor (No 2) [2009] FCA 920; (2009) 82 IPR 56 Windsurfing International Incorporated v Petit (1987) AIPC 90-441 Category: Procedural and other rulings Parties: Antonio Ottavio (Plaintiff/Cross-Defendant) Hayvio Pty Ltd (First Defendant/First-Cross Claimant) Saso Petrovski (Second Defendant/Second Cross-Claimant) Paul Pannozzo (Third Defendant/Third Cross-Claimant) Representation: Counsel R D Marshall (Plaintiff/Cross-Defendant) N Potts (Defendants/Cross-Claimants) Solicitors Argyle Lawyers Pty Ltd (Plaintiff/Cross Defendant) Vision Law (Defendants/Cross-Claimants File Number(s): 11/135866