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Casmif Pty Ltd v Farrow Mortgage Services Pty Ltd [1992] QSC 243

Case law · Queensland · 1992
TRANSCRIPT OF PROCEEDINGS State Reporting Bureau, 4th F1oor, The Law Courts, George Street, BRISBANE. Q. 400Q Tel. (07) 227.4360 (Copyright in this transcript is vested in the Crown. Copies thereof must not be made or sold without the written authority of the Director, State Reporting Bureau.) ~-,, \ SUPREME COURT OF QUEENSLAND ' CIVIL. JURISDICTION c THOMAS J No 1136 of 1990 CASMIF PTY LTD · Plaintiff ( and FARROW·MORTGAGE SERVICES PTY LTD Defendant BRISBANE .. DATE 1 /7/92 .. ORDER. 1 -- 1 of 3 -- 010792 ORDER HIS HONOd~: In this matter I shall'simply record the fact that. I. consider that the pres~n:t 'ci:t:'cumsf~mces are q{.li te . . . ' different from those which prevailed when Mr Justice Byrne made his order on 31 August 1990. Further, different rights are involved. I do not think there is any serious question to be tried as to the receiver's entitlement to appoint receivers in respect of the plaintiff. ·Accordingly, I am not prepared to grant the additional injunction and restraint which the notice of motion of 16 June 1992 seeks. I would add that on the balance of convenience, in view of the undertakings that are now offered on behalf of the respondent receivers, the balance of convenience would, at this stage, be against the making of any further order of the kind sought. The undertaking on behalf of the respondent receivers is not to sell the property referred to as the Sportsman's Warehouse until the determination of the action and a further undertaking that in the discharge of their functions as the receivers and managers of the plaintiff company, they will take no active part in the giving of instructions or taking of advice by the plaintiff in respect of the plaintiff's claim in this action and that they will not knowingly impede the conduct of that action by the plaintiff or its directors. On those undertakings, the motion of 16 June 1992 will be 2 iO 20 (J 0 30 0 40 0 50 60 -- 2 of 3 -- 010792 dismissed. I think that the appropriate order for costs will be to make the second defendant respondent's costs costs in the cause and make no other order with respect to the costs of this 10 application~ 20 ( 30 ( 40 50 60 3 -- 3 of 3 --