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[1999] VSC 528
defendant. The defendant's summons seeking injunctive relief was dismissed with costs to be taxed and paid by the defendant. The plaintiff's injunction restraining the defendant from entering the premises was...
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A company called Lawrenson borrowed money from Cosmick and gave security over its assets. When Lawrenson couldn't repay, Cosmick appointed a receiver and sold Lawrenson's business to a related company. Lawrenson tried to stop the sale by getting an injunction, but by the time the case was heard, the sale had already gone through. The court refused to grant the injunction because it would be pointless to stop a sale that had already happened. The court said if Lawrenson could prove the sale was improper, it could claim damages instead. The court also said it couldn't properly investigate claims that the sale price was too low on a quick interlocutory hearing.
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Cosmick Pty Ltd
Lawrenson Light Metal Die Casting Pty Ltd [1999] VSC 528
The defendant's summons seeking injunctive relief was dismissed with costs to be taxed and paid by the defendant. The plaintiff's injunction restraining the defendant from entering the premises was extended to trial or further order.