In the matter of Warrego Energy EP469 Pty Limited [2020] NSWSC 980

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Warrego Energy EP469 Pty Limited [2020] NSWSC 980 Hearing dates: 5 June 2020 Date of orders: 5 June 2020 Decision date: 05 June 2020 Jurisdiction: Equity - Corporations List Before: Black J Decision: Creditor's statutory demand dated 17 January 2020 set aside. Defendant to pay Plaintiff's costs on indemnity basis. Catchwords: CORPORATIONS — Winding up — Statutory demand — Application to set aside — Genuine dispute — Debt claimed based on contract where contracting parties uncertain — Where construction of several contractual terms in dispute COSTS — Party/Party — Bases of quantification — Indemnity basis — Where creditor's statutory demand pursued despite assertion of plausible grounds of dispute Legislation Cited: - Corporations Act 2001 (Cth), ss 459G, 459H, 459J, 911A - Land Agents Act 1994 (SA), s 6 - Petroleum and Geothermal Energy Resources Act 1967 (WA) Cases Cited: - CGI Information Systems v APRA Consulting Pty Limited [2003] NSWSC 728; (2003) 47 ACSR 100 - Eyota Pty Ltd v Hanave Pty Limited (1994) 12 ACSR 785 - Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd [2019] NSWCA 60 - Ligon 158 Pty Ltd v Huber [2016] NSWCA 330 - Polaroid Australia Pty Ltd v Minicomp Pty Ltd (1998) 16 ACLC 529 - Re AMP Life Ltd [2018] NSWSC 855 - Re Linton Developments (QLD) Pty Ltd [2017] NSWSC 336 - Re Pierotti & Fanani Pty Ltd as trustee for the Caesars Properties Unit Trust; Re Etruscan Properties Ltd as trustees for the Etruscan Properties Unit Trust [2018] NSWSC 457 - Re Universal Property Group Pty Ltd [2019] NSWSC 796 - Re Wollongong Coal Ltd [2015] NSWSC 1680; (2015) 110 ACSR 134 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd [1997] FCA 681;(1997) 76 FCR 452 - Validus Advisory Group Pty Ltd v Consolidated Tin Mines Ltd [2018] NSWSC 417 - Woodlawn Capital Pty Ltd v Motor Vehicles Insurance Ltd [2016] NSWCA 28 Texts Cited: - Cheshire & Fifoot's Law of Contract, 9th Australia ed [7.2]. Category: Principal judgment Parties: Warrego Energy EP469 Pty Ltd (Plaintiff) RAD Drill Services Pty Ltd (Defendant) Representation: Counsel: E A Walker (Plaintiff) C Lambert (Defendant)