The plaintiffs sought orders for payment of funds into court and a vesting order against the defendants' property (26 Merrittonia Street) to secure potential judgment for breach of contract related to a failed real estate transaction for a different property (14 Annual Circle).
The plaintiffs had also registered a Caution against the Merrittonia property.
The defendants brought a cross-motion to discharge the Caution, declare no plaintiff interest in the property, and seek leave to issue a third-party claim.
The court dismissed the plaintiffs' motion, finding they had no interest in the Merrittonia property to support a Caution or vesting order, and their claim was for damages, not a specific fund.
The court granted the defendants' cross-motion, ordering the discharge of the Caution and granting leave for the third-party claim.