Substitute security offered by a separate corporate entity (even a related one) rather than the registered proprietor of the caveated land is unlikely to be accepted as a satisfactory alternative to a caveat. Where no substantive proceedings are on foot to resolve the underlying dispute, courts may extend caveats for a limited period rather than indefinitely to prevent a litigation stand-off.
The full text is available to signed-in members, including the 6 later cases that cite this judgment.
1 of the 6 citing cases carry a classified treatment. How each court treated it is available to signed-in members.