Australia, April 27 -- New South Wales Land and Environment Court issued text of the following judgement on March 27:
1. These proceedings have been brought by the plaintiffs, Business Finance Pty Ltd (receiver & manager appointed) (in liquidation) and Marcus William Ayres in his capacity as receiver and manager of Business Finance (Receiver), against the defendant, Casula Projects Pty Ltd as trustee for the GEM Family Trust.
2. In essence, the Receiver has brought these proceedings on behalf of Business Finance seeking to quantify and recover a debt owing by Casula Projects to Business Finance pursuant to a written Loan Agreement executed in October 2017 for $1.23 million, secured by a mortgage (Original Mortgage) over a property located...