IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY

NG 664 OF 1998

BETWEEN:

PARRAS HOLDINGS PTY LIMITED

(ACN 003 546 807)

First Appellant/First Cross-Respondent

FULANGA PTY LIMITED

(ACN 001 796 354)

Second Appellant/Second Cross-Respondent

PHONTOS INVESTMENTS PTY LIMITED

(ACN 000 870 762)

Third Appellant/Third Cross-Respondent

ILANZ PTY LIMITED

(ACN 001 885 392)

Fourth Appellant/Fourth Cross-Respondent

P & E PHONTOS PTY LIMITED

(ACN 000 870 771)

Fifth Appellant/Fifth Cross-Respondent

DOVIZO PTY LIMITED

(ACN 003 932 269)

Sixth Appellant/Sixth Cross-Respondent

PETER PHONTOS

Seventh Appellant/Seventh Cross-Respondent

ELLI PHONTOS

Eighth Appellant/Eighth Cross-Respondent

HARRY PHILLIP COSTAS

Ninth Appellant/Ninth Cross-Respondent

MARY COSTAS

Tenth Appellant/Tenth Cross-Respondent

MICHAEL PHONTOS

Eleventh Appellant/Eleventh Cross-Respondent

SIBARD PTY LIMITED

(ACN 003 575 291)

Twelfth Appellant

SHIMCOST PTY LIMITED

(ACN 003 355 048)

Thirteenth Appellant

SPOTEK PTY LIMITED

(ACN 050 325 212)

Fourteenth Appellant/Twelfth Cross-Respondent

AND:

COMMONWEALTH BANK OF AUSTRALIA

(ACN 123 123 124)

Respondent/Cross-Claimant

JUDGES:

SPENDER, HILL AND MERKEL JJ

DATE:

9 APRIL 1999

PLACE:

SYDNEY