Ruth Chong v Super Equity Invests Pty Ltd & Anor [2012] NSWSC 27

Supreme Court New South Wales

Medium Neutral Citation: Ruth Chong v Super Equity Invests Pty Ltd & Anor [2012] NSWSC 27 Hearing dates: 2 February 2012 Decision date: 02 February 2012 Jurisdiction: Equity Division Before: Slattery J Decision: Security for costs not ordered. Catchwords: PRACTICE AND PROCEDURE - security for costs - surplus funds after first mortgagee exercises power of sale paid into court - competing claimants under Real Property Act, s 58(3) to funds in Court - whether one claimant to the fund should have security for costs against another claimant to the fund, a company in liquidation. Legislation Cited: Corporations Act 2001, s 1335 Real Property Act 1900 Trustee Act 1925, part 4 UCPR 2005, Part 55 Division 3, r 42.2(1) Cases Cited: Black v Freedman & Co (1990) 12 CLR 105 Commonwealth Bank v Estate of late Slieman [2010] NSWSC 661 Concrete Constructions v Dalma Formwork Pty Ltd [1999] NSWCA 16 Crestland Investments Pty Ltd v Parisi Holdings Pty Limited [2004] WASC 57 Crestland Investments Pty Ltd v Parisi Holdings Pty Limited [2003] WASC 181 Greater Pacific Investments (in liq) v Australian National Industries Ltd (1996) 39 NSWLR 143 KP Cable Investments Pty Ltd v Melt Globe Pty Ltd (1995) 56 FCR 189 La Trobe Capital & Mortgage Corp Ltd, Re [2009] NSWSC 1118 Muschinski v Dodds (1985) 160 CLR 583 Rajski & Anor v Computer Manufacture and Design Pty Ltd & Ors (1982) 1 NSWLR 443 Re Emery (deceased) (1923) P 184 Residential Housing Corporation v Esber [2011] NSWCA 25 Rowe v Epstein (1974) 1 WLR 1565 Sydmar Pty Limited v Statewise Developments Pty Ltd (1987) 73 ALR 289 Category: Interlocutory applications Parties: Plaintiff:- Ruth Chong First Defendant:- Super Equity Invests Pty Ltd (in liquidation) Second Defendant:- Sui Generis (Global) Pty Ltd Representation: Plaintiff:- D.K.L. Raphael First Defendant:- S.Cirillo Second Defendant:- D.Oliveri File Number(s): 2010/413320 Publication restriction: No