› Whether mortgagee had proper regard to development approvals and valuations
› Conveyancing Act 1919 (NSW), s 111A
› Real Property Act 1900 (NSW), s 57
Appeal
› Appeal from final judgment
› Review of interlocutory judgments on appeal from final judgment
› Whether interlocutory orders refusing amendments to pleadings affected the final result
› Whether party who did not bring interlocutory appeal may challenge ruling on appeal from final judgment
Civil Procedure
› Pleadings
› Amendment of pleadings
› Requirement for particularity
› Allegations of fraud
› Conclusory statements insufficient to plead fraud
› Discretion to refuse amendment where delay and prejudice to opposing party
› Whether limitation period for cross-claims against agents a relevant discretionary factor
Quick Take
Establishing a sale below valuation does not of itself demonstrate breach of the mortgagee's equitable duty, particularly where the mortgagee took steps to verify the adequacy of the price obtained.