ACES Sogutlu Holding Pty Ltd v Commonwealth Bank of Australia [2014] NSWCA 84

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: ACES Sogutlu Holding Pty Ltd v Commonwealth Bank of Australia [2014] NSWCA 84 Hearing dates: 24 March 2014 Decision date: 26 March 2014 Before: McColl JA Decision: Notice of motion dismissed with costs. [Note: The Uniform Civil Procedure Rules 2005 provide (Rule 36.11) that unless the Court otherwise orders, a judgment or order is taken to be entered when it is recorded in the Court's computerised court record system. Setting aside and variation of judgments or orders is dealt with by Rules 36.15, 36.16, 36.17 and 36.18. Parties should in particular note the time limit of fourteen days in Rule 36.16.] Catchwords: PRACTICE - stay pending appeal - whether arguable basis for appeal - where no evidence appeal abortive if stay not granted - where no evidence judgment sum irrecoverable if paid - where offer to secure undisputed amount of debt but no evidence as to ability to obtain that security - whether in interests of justice to grant stay - stay refused Legislation Cited: Uniform Civil Procedure Rules 2005 Cases Cited: Alexander v Cambridge Credit Corporation Limited (1985) 2 NSWLR 685 Julia Farr Services Inc v Hayes [2003] NSWCA 142 Kalifair Pty Ltd v Digi-Tech (Australia) Ltd [2002] NSWCA 383; (2002) 55 NSWLR 737 Mitzev v Foxman [2007] NSWCA 134 NSW Bar Association v Stevens [2003] NSWCA 95 Category: Interlocutory applications Parties: ACES Sogutlu Holdings Pty Ltd - first applicant Ceyser Pty Ltd - second applicant Ercan Sogutlu - third applicant Jamal Charara - fourth applicant Commonwealth Bank of Australia - respondent Representation: Counsel: Mr J Charara in person and for the applicants D F Villa - respondent Solicitors: Gadens Lawyers - respondent File Number(s): CA2013/291031 Publication restriction: No Decision under appeal Citation: Commonwealth Bank of Australia v ACES Sogutlu Holdings Pty Ltd and Ors [2013] NSWSC 1184 Date of Decision: 2013-08-30 00:00:00 Before: Young AJ File Number(s): SC 2012/208480