United Pacific Finance Pty Ltd (Receivers and Managers Appointed) v Govindasamy [2020] NSWSC 128

Supreme Court New South Wales

Medium Neutral Citation: United Pacific Finance Pty Ltd (Receivers and Managers Appointed) v Govindasamy [2020] NSWSC 128 Hearing dates: 5 June 2019 Date of orders: 26 February 2020 Decision date: 26 February 2020 Jurisdiction: Equity Before: Henry J Decision: (1) Proceedings be dismissed. (2) Plaintiff to pay the defendant's costs of the proceedings. Catchwords: DEEDS – whether valid and binding deeds of loan created – whether execution of finance application forms intended to operate as execution of deeds of loan – insufficient evidence to conclude the requisite intention – inter partes deed enforceable in the absence of execution by the lender – no attempt to execute deed is not defective execution

CONTRACTS – Formation – acceptance of offer implied by subsequent conduct

LIMITATION OF ACTIONS – Recovery of outstanding loan amounts – whether actions under loan agreements are statute barred – whether lender required to demand repayment or give notice of claims upon default in the payment of instalments – loans repayable on demand upon default – claims statute barred Legislation Cited: Evidence Act 1995 (NSW), s 136 Conveyancing and Law of Property Act 1884 (Tas), s 63 Corporations Act 2001 (Cth), s 127 Limitation Act 1974 (Tas), s 4 Cases Cited: 400 George Street (Qld) Pty Limited v BG International Limited [2010] QSC 66 400 George Street (Qld) Pty Limited v BG International Limited [2012] 2 Qd R 302; [2012] QCA 245 Bendigo and Adelaide Bank Limited v Russo [2019] NSWSC 661 Bendigo and Adelaide Bank Ltd v Howard [2018] NSWSC 383 Brambles Holdings Ltd v Bathurst City Council (2001) 53 NSWLR 153; [2001] NSWCA 61 Brinkibon Ltd v Stahag Stahl Gmbh [1983] 2 AC 34 Burkett v Bendigo and Adelaide Bank Ltd [2018] VSC 723 Byrne and Co v Leon Van Tienhoven and Co (1880) 5 CPD 344 Central City Pty Ltd v Montevento Pty Ltd [2011] WASCA 5 Falzon v Adelaide Development Co Ltd [1936] SASR 93 (FC) Gibbons v Pozzan (2007) 209 FLR 233; [2007] SASC 99 Lady Nass v Westminister Bank Limited [1940] AC 336 Manton v Parabolic Pty Ltd (1985) 2 NSWLR 361 Meredith Projects Pty Ltd v Fletcher Construction Australia Ltd [2000] NSWSC 493 Mirzikinian v Tom & Bill Waterhouse Pty Ltd [2009] NSWCA 296 Morgan v Pike (1854) 14 CB 472 Netglory Pty Ltd v Caratti [2013] WASC 364 Ogilvie v Adams [1981] VR 1041 Reeves v Butcher [1891] 2 QB 509 Young v Queensland Trustees Ltd (1956) 99 CLR 560; [1956] HCA 51 Texts Cited: Brendan Edgeworth, Butt's Land Law (7th ed, 2017, Lawbook Co) J D Heydon, Heydon on Contract (2019, Lawbook Co) JW Carter, Contract Law in Australia (7th ed, 2018, LexisNexis Butterworths) Macquarie Dictionary (2020, online) Nicholas Seddon, Seddon on Deeds (2015, The Federation Press) Peter Handford, Limitation of Actions, The Laws of Australia (4th ed, 2017, Lawbook Co) Category: Principal judgment Parties: United Pacific Finance Pty Ltd (Receivers And Managers Appointed) (Plaintiff) Vijayalatshimi Govindasamy (Defendant) Representation: Counsel: B Burke (Plaintiff) M Bennett (Defendant)