Circuit Finance Australia Limited (Receivers and Managers appointed) (in liquidation) v Panella& Anor

[2011] NSWSC 311

Supreme Court of NSW

Built by Barristers,
For Australian Law.

1. PRIORITIES - postponing conduct - necessity for conduct that is blameworthy and causative
1. SUBROGATION - nature and scope - not available to purchaser who pays outgoing mortgagee at vendor's direction
1. EQUITABLE INTEREST - commensurate
1. only with purchaser's right to specific performance - no equitable interest in land