Commonwealth Bank of Australia v IInvest Pty Limited (in liquidation) (No 9) [2018] NSWSC 1276 — Formation & Guarantee Agreement — Barrister AI

Commonwealth Bank of Australia v IInvest Pty Limited (in liquidation) (No 9)

[2018] NSWSC 1276

Supreme Court of NSW

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Interrogate

Catchwords

1. Contract
2. › Formation
3. › offer and acceptance - agreement
4. › remedies
5. › debt
6. › lawful termination
7. › no service of default notice
8. › express right to possession
1. Guarantee and Indemnity
2. › guarantee agreement
3. › maximum liability
4. › whether the right to realise security is engaged
5. › mortgage
6. › finance agreement
7. › terms and conditions
8. › banks discretion
9. › no obligation to loan If borrowers financial position has changed
10. › act of default
11. › winding up company
12. › absence of financial default is irrelevant
13. › without notice
14. › bills matured account
15. › obligation for borrowers to pay interest
16. › banks remedies
17. › amount due and payable and taking possession of property
1. Land Law
2. › Seeking possession of rural properties
3. › company liquidated
4. › default
5. › mortgaged to the bank
6. › bank enforcing security
7. › cross-claim
8. › guarantee
9. › alterations
10. › maximum liability
11. › extension
1. Mediation
2. › Farm Debt Mediation Act 1994 (NSW)
3. › loan was not in default
4. › enforcement action
5. › heads of agreement
6. › no application to cross-claim

Case Details

Citation[2018] NSWSC 1276

CourtNSWSC

JurisdictionNew South Wales

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The full text is available to signed-in members, including the 3 later cases that cite this judgment.

Cited by3

2021Boulos Holdings Pty Ltd v Edwin Davey Pty LtdNSWSC 689
2019Fuge v Commonwealth Bank of AustraliaFCA 1621
2019Harker-Mortlock v Commonwealth Bank of AustraliaNSWCA 56

Relies on17

2018Mastronardo & Anor v Commonwealth Bank of Australia Ltd & OrsNSWCA 136
2018Ipstar Australia Pty Ltd v APS Satellite Pty LtdNSWCA 15
2014Commonwealth Bank of Australia v Iinvest Pty Ltd (In Liq) (No 2)NSWSC 1640
2014Commonwealth Bank of Australia v Iinvest Pty Ltd (In Liq)NSWSC 1257
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