Wollongong Coal Limited v Gujarat NRE Properties Pty Ltd [2019] NSWSC 187

Supreme Court New South Wales

Medium Neutral Citation: Wollongong Coal Limited v Gujarat NRE Properties Pty Ltd [2019] NSWSC 187 Hearing dates: 21 February 2019 Date of orders: 06 March 2019 Decision date: 06 March 2019 Jurisdiction: Equity Before: Ward CJ in Eq Decision: 1. Pursuant to r 42.21(1) of the Uniform Civil Procedure Rules 2005 (NSW) and s 1335(1) of the Corporations Act 2001 (Cth), order Wollongong Coal Limited to provide further security on or before 4 September 2019 for the second to fourth defendants' costs of the proceedings, in the sum of $110,000, such security to be provided by way of payment into Court or provision of an unconditional bank guarantee in a form acceptable to the second to fourth defendants. 2. In the event that the security ordered in order 1 above is not provided within the time specified, order that the proceedings be stayed as against the second to fourth defendants until further order. 3. Order Wollongong Coal Limited to pay the second to fourth defendants' costs of and incidental to this notice of motion. Catchwords: COSTS — Security for costs — Relevant factors ––Application for further security ––whether credible evidence to establish that there is reason to believe that plaintiff will be unable to pay an adverse costs order that may be made against it in the proceedings –– whether delay in making application for further security in present case a reason for exercising discretion against award of security –– security for costs ordered Legislation Cited: Corporations Act 2001 (Cth), ss 208 and 1335(1) Uniform Civil Procedure Rules 205 (NSW), r 42.21 Cases Cited: 15 Management Pty Ltd v Newstar Sports Management Pty Ltd [2009] NSWSC 1208 Allstate Life Insurance Co v ANZ Banking Group Limited (1995) 134 ALR 187; [1995] FCA 1778 Aqua Blue (Noosa) Pty Ltd v Soil Surveys Engineering Pty Ltd [2010] QSC 176 Beach Petroleum NL v Johnson (1992) 7 ACSR 203 Beluga Developments Pty Ltd v Sobel Investments Pty Ltd [2010] VSC 303 Bryan E Fencott & Associates Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497 Buckley v Bennell Design and Constructions Pty Ltd (1974) 1 ACLR 301 at 308 Citrus Queensland Pty Ltd v Sunstate Orchards Pty Ltd (No 5) [2006] FCA 1672 Cody v Live Board Holdings Pty Ltd (No 2) [2017] NSWSC 308 Commonwealth v Cable Water Skiing (Australia) Ltd (1994) 116 FLR 153 Cornelius v Global Medical Solutions Australia Pty Ltd; Farrag v Global Medical Solutions Australia Pty Ltd (2014) 98 ACSR 301 DJZ Constructions Pty Ltd v Pritchard (t/as Pritchard Law Group) [2009] NSWSC 359 Globus Investments v William [2016] NSWSC 613 Green (as liquidator of Arimco Mining Pty Ltd) v CGU Insurance Ltd (2008) 67 ACSR 105 Gujarat NRE India Pty Ltd v Wollongong Coal Ltd (No 2) [2018] NSWSC 1622 Hoffmann v Challis (No 2) [2016] NSWSC 269 HP Mercantile Pty Ltd v Dierickx [2013] NSWCA 87 Hurworth Nominees Pty Ltd v ANZ Banking Group Ltd [2005] NSWSC 1360 Idoport Pty Ltd v National Australia Bank Ltd [2001] NSWSC 744 In the Matter of Felan's Fisheries Pty Limited [2016] NSWSC 1351 Karl Suleman Enterprizes Pty Ltd (in liq) v Pham [2010] NSWSC 886 KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189 Livingspring Pty Ltd v Kliger Partners (2008) 20 VR 377; [2008] VSCA 93 Oswal v Australia and New Zealand Banking Group Ltd [2016] VSC 52 Owners Corp Strata Plan 64970 v Austruc Constructions Ltd [2007] NSWSC 778 Pacific Acceptance Corporation Limited v Forsyth (No 2) (1967) 85 WN (Pt 1) (NSW) 715 Polstead Pty Ltd (in liq) v Shah [2009] NSWSC 560 Re Felan's Fisheries Pty Ltd [2016] NSWSC 1351 Southern Cross Exploration NL v Fire & All Risks Insurance Co Ltd (1985) 1 NSWLR 114 Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2009] NSWSC 563 Vertical Australia Pty Ltd v Air Company Vertical-T LLC; Air Company Vertical-T LLC v Vertical Australia Pty Ltd [2012] NSWSC 719 Wollongong City Council v Legal Business Centre Pty Ltd [2012] NSWCA 245 Category: Costs Parties: Wollongong Coal Limited (Plaintiff) Gujarat NRE Properties Pty Ltd (First Defendant) Arun Kumar Jagatramka (Second Defendant) Mona Jagatramka (Third Defendant) Gujarat NRE India Pty Ltd (Fourth Defendant) Representation: Counsel: C R C Newlinds SC with Mr N Riordan (Plaintiff) D R Pritchard SC (Second to Fourth Defendants)