Asiapac Securities Pty Ltd v Ashlee Holdings Pty Ltd [2015] NSWSC 1431

Supreme Court New South Wales

Medium Neutral Citation: Asiapac Securities Pty Ltd v Ashlee Holdings Pty Ltd [2015] NSWSC 1431 Hearing dates: 6 August 2015 Date of orders: 08 August 2015 Decision date: 08 August 2015 Jurisdiction: Common Law Before: Harrison AsJ Decision: The Court orders that:

(1) The default judgment entered 13 September 2012 is set aside.

(2) Costs are reserved. Catchwords: CIVIL PROCEDURE – possession of land - application to set aside default judgment – whether satisfactory explanation for delay – whether bona fide and arguable defence Legislation Cited: Corporations Act 2001 (Cth) Real Property Act 1900 (NSW) Uniform Civil Proceedings Rules 2005 (NSW) Cases Cited: Australia and New Zealand Banking Group Ltd v Frenmast Pty Ltd (2013) 282 FLR 351; [2013] NSWCA 459 Barnes v Addy (1874) 43 LJ Ch 513; (1874) 22 WR 505 Cohen v McWilliam (1995) 128 FLR 263; (1995) 38 NSWLR 476 Davies v Pagett (1986) 10 FCR 226; (1986) 70 ALR 793 Farah Constructions Pty Ltd v Say-Dee Pty Ltd (2007) 230 CLR 89; [2007] HCA 22 Hasler v Singtel Optus Pty Ltd; Curtis v Singtel Optus Pty Ltd; Singtel Optus Pty Ltd v Almad Pty Ltd [2014] NSWCA 266; (2014) 87 NSWLR 609 Hudson Investments Group Ltd v Atanaskovic [2010] NSWSC 1055 Perpetual Trustees Victoria Ltd v Tsai [2004] NSWSC 745 Printy v Provident Capital Limited & Anor [2007] NSWSC 287 Stankovic v Magee [2014] NSWCA 439 Vella v Permanent Mortgages Pty Ltd [2008] NSWSC 505 Category: Procedural and other rulings Parties: Asiapac Securities Pte Ltd (Plaintiff) Ashlee Holdings Pty Ltd (First Defendant) Gary Robert Fulton (Second Defendant) Representation: Counsel: N Mirzai (Plaintiff) R Parsons (Second Defendant)