In the matter of Beechworth Land Estates Pty Ltd (admins apptd) and Griffith Estates Pty Ltd (admins apptd); ; Cussen and of Beechworth Land Estates Pty Ltd v Douglas Estate Holdings Pty Ltd and Others

[2019] NSWSC 1129

Supreme Court of NSW

Built by Barristers,
For Australian Law.

1. Corporations
2. › Voluntary administration
3. › Administrator
4. › Right to indemnity
5. › whether Administrators’ remuneration and disbursements takes priority over secured and unsecured creditors
6. › Corporations Act 2001 (Cth), ss 443D, 443E(3)(c)
7. › whether Administrators otherwise entitled to equitable lien
8. › no determination sought on quantum.
1. Equity
2. › Equitable charges and liens
3. › Lender’s lien
4. › Whether deposit of certificates of title in context of debtor-creditor relationship gives rise to equitable security over mortgagor’s rights
5. › priority between mortgagor’s equitable security interest and earlier grant of security over funds advanced
6. › postponing conduct
7. › later equitable security prevails over earlier legal charge.
1. Corporations
2. › Debentures, charges and mortgages
3. › defectively drafted and incomplete loan documentation
4. › no distinct security interest created where deed drafted “in aid” of separate mortgage instrument.