Application by Westpac Banking Corporation – Charara v Konneh; Konneh v Charara; Cellnet Group Limited v Aravanis [2015] NSWSC 1084

Supreme Court New South Wales

Medium Neutral Citation: Application by Westpac Banking Corporation – Charara v Konneh; Konneh v Charara; Cellnet Group Limited v Aravanis [2015] NSWSC 1084 Hearing dates: 13 August 2014 Date of orders: 07 August 2015 Decision date: 07 August 2015 Jurisdiction: Common Law Before: McCallum J Decision: Application by Charara dismissed; application by Konneh dismissed; order pursuant to s 98 of the Trustee Act 1925 that the funds paid into Court by Westpac Banking Corporation be paid to Cellnet Group Ltd Catchwords: EQUITY – interests – priorities – distribution of funds paid into Court – where funds paid into Court are surplus funds following sale of mortgaged property pursuant to s 95 of Trustee Act 1925 (NSW) – where three competing claims made on fund – where each debtor applicant disputes existence and priority of equitable interest claimed by the other Legislation Cited: Bankruptcy Act 1966 (Cth), s 58 Corporations Act 2001 (Cth), ss 436A, 440J Duties Act 1997 (NSW), ss 210(2), 304(1) Real Property Act 1900 (NSW), s 58 Trustee Act 1925 (NSW), ss 95, 98 Cases Cited: ACES Sogutlu Holdings Pty Ltd ACN 122 192 509 [2014] NSWSC 140 Bank of Western Australia v Clift [2010] QSC 366; 80 ACSR 163 Cellnet Group Ltd v Konneh [2009] QDC 325 Coates Hire Operations Pty Ltd v McNaughton [2006] NSWSC 841 Westpac Banking Corporation v Konneh [2013] NSWSC 1176 Category: Consequential orders (other than Costs) Parties: Cellnet Group Ltd (applicant/respondent) Andrew Aravanis (respondent) Jamal Charara (applicant/respondent) Lyndon Konneh (applicant/respondent) Representation: Counsel: C Bolger (Cellnet Group Ltd)