Sutherland v Ghougassian & Ors (No. 3) [2012] NSWSC 334

Supreme Court New South Wales

Medium Neutral Citation: Sutherland v Ghougassian & Ors (No. 3) [2012] NSWSC 334 Hearing dates: 30 March 2012 Decision date: 30 March 2012 Jurisdiction: Equity Division - Corporations List Before: White J Decision: Direct the parties to provide a calculation in accordance with these reasons. Catchwords: MORTGAGE - mortgages and charges - calculation of interest on moneys secured by mortgage - amounts of advances and repayments allowed in the taking of accounts of the moneys owed - interest on advances to be calculated on compound basis at non-default rate of interest - consideration to the provision for profit

PRACTICE AND PROCEDURE - judgments and orders - rectification - orders not yet made in accordance with reasons given - matter relisted for further argument - neither party disputed reconsideration of questions Cases Cited: Sutherland v Ghougassian & Ors [2012] NSWSC 125 Vartanians v St. Gregory's Armenian School Inc [2011] NSWSC 406 Category: Procedural and other rulings Parties: Roderick Mackay Sutherland (as liquidator of St. Gregory's Armenian School Inc (in liquidation) - Applicant (2010/66795) Michael Ghougassian - 1st Respondent Daniel Ghougassian - 2nd Respondent Nareg Internet Pty Limited - 3rd Respondent; St. Gregory's Armenian School Inc - Applicant (2011/10869) Daniel Ghougassian - 1st Respondent Michael Ghougassian - 2nd Respondent Norwest Legal Services Pty Limited - 3rd Respondent Representation: Counsel: J Taylor (Plaintiff) J Loxton (Defendant) Solicitors: Addisons Lawyers (Applicants) Robert Balzola & Associates (Respondents) Matthews Dooley & Gibson (Norwest Legal) File Number(s): 2010/66795; 2011/10869