Sarker Trading Pty Ltd v Vanage Pty Limited [2016] NSWDC 250

District Court New South Wales

Medium Neutral Citation: Sarker Trading Pty Ltd v Vanage Pty Limited [2016] NSWDC 250 Hearing dates: 3, 4, 5 and 8 August 2016 (written submissions) Date of orders: 09 August 2016 Decision date: 09 August 2016 Jurisdiction: Civil Before: P Taylor SC DCJ Decision: (1) On the statement of claim, judgment in favour of the plaintiffs against the defendants in the sum of $105,653.19. (2) Dismiss the cross-claim. (3) Reserve all questions of costs. Catchwords: CONTRACT – purchase of a business - condition precedent – not fulfilled – rescission – deposits – forfeiture - penalty MISLEADING CONDUCT – representations about profit and rent - damages Cases Cited: Butt v M'Donald (1896) 7 QLJ 68 Commissioner of Taxation v Reliance Carpet Co Pty Ltd (2008) 246 ALR 448 Cutter v Powell (1795) 6 Term Rep 320; (1795) 101 ER 573 GPT Funds Management 2 Pty Limited v Footwear Trading Group Pty Ltd [2013] NSWDC 199 Havyn Pty Ltd v Webster [2005] NSWCA 182 Kennedy v Vercoe (1960) 105 CLR 521 Louinder v Leis (1982) 149 CLR 509 McDonald v Dennys Lascelles Ltd (1933) 48 CLR 457 Neeta (Epping) Pty Ltd v Phillips (1974) 131 CLR 286 Workers Trust & Merchant Bank Ltd v Dojap Investments Ltd [1993] AC 573 93 GSP Pty Ltd v Advent 8 Pty Limited [2013] NSWDC 135 Category: Principal judgment Parties: Sarker Trading Pty Ltd ACN 169184972 (first plaintiff/first cross-defendant) Ajit Chandra Sarker (second plaintiff/second cross-defendant) Vanage Pty Limited ACN 003500418 (first defendant/first cross-claimant) Sunil Arora (second defendant/second cross-claimant) Representation: Counsel: Dr A J Greinke (plaintiffs/cross-defendants) Ms N Dewan (defendants/cross-claimants)