Jae Sung Ko v KEB Australia Bank Limited [2011] NSWSC 1341

Jae Sung Ko v KEB Australia Bank Limited [2011] NSWSC 1341

On the material before the Court, no persuasive reason or good reason was presented to restrain the auction or warrant wasting the expenses incurred in advertising and arranging it; the applicant did not satisfy the test for injuncting the auction or staying the sale.

Jurisdiction
Australia
Judgment Date
28 October 2011
Procedural Posture
Civil Procedure Motion to Stay And/or Set Aside Default Judgment and Execution of a Writ of Possession / Ex Tempore Judgment on Notice of Motion
Outcome
The motion was dismissed with no order as to costs.
Legal Topics
['stay of Execution' 'setting Aside Default Judgment' 'writ of Possession' 'injunction to Restrain Auction Sale']

Case Brief

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Procedural Posture

Civil Procedure Motion to Stay And/or Set Aside Default Judgment and Execution of a Writ of Possession / Ex Tempore Judgment on Notice of Motion

  1. 1 ['Whether there was good reason to stay and/or set aside default judgment and execution of a writ of possession in relation to commercial property.' 'Whether the Court should injunct the holding of the auction for sale of the property.']

Ratio Decidendi

On the material before the Court, no persuasive reason or good reason was presented to restrain the auction or warrant wasting the expenses incurred in advertising and arranging it; the applicant did not satisfy the test for injuncting the auction or staying the sale.

Court Disposition

The motion was dismissed with no order as to costs.

Orders

  • ['The motion is dismissed' 'No order as to costs.']