In the matter of Showground Corporation Pty Ltd [2022] NSWSC 1491

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Showground Corporation Pty Ltd [2022] NSWSC 1491 Hearing dates: 25 October 2022 Date of orders: 25 October 2022 Decision date: 25 October 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Application to set aside the creditor's statutory demand is dismissed with costs. Catchwords: CORPORATIONS — Winding up — Statutory demand — Application to set aside — Genuine dispute about existence or amount of debt — Whether the dispute is genuine in the sense that it is arguable — Whether the dispute also genuine in the sense that it is not manufactured in response to the pressure created by the demand or otherwise not brought in good faith. Legislation Cited: Corporations Act 2001 (Cth), s 459H(1)(a), s 459J(1)(a), s 459J(1)(b). Cases Cited: - Creata (Aust) Pty Ltd v Faull (2017) 125 ACSR 212; [2017] NSWCA 300 - Ligon 158 Pty Ltd v Huber (2016) 117 ACSR 495; [2016] NSWCA 330 - Panel Tech Industries (Australia) Pty Ltd v Australian Skyreach Equipment Pty Ltd (No 2) [2003] NSWSC 896 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 20 ACSR 746; [1996] NSWSC 199 - Re Jana Pty Ltd [2022] NSWSC 112 - Re Savemore Wholesale Pty Ltd [2021] NSWSC 307 - Re Wollongong Coal Ltd (2015) 110 ACSR 134; [2015] NSWSC 1680 - Saferack Pty Ltd v Marketing Heads Australia Pty Ltd (2007) 214 FLR 393; [2007] NSWSC 1143 Spacorp Australia Pty Ltd v Myer Stores Ltd (2001) 19 ACLC 1270; [2001] VSCA 89 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452 at 464; [1997] FCA 681 - Wellnora Pty Ltd v Fiorentino (2008) 66 ACSR 229; [2008] NSWSC 483 Category: Principal judgment Parties: Showground Corporation Pty Ltd (Plaintiff) KPMG Financial Advisory Services (Australia) Pty Ltd (Defendant) Representation: Counsel: A Kaufmann (Plaintiff) A M Hammond (Defendant)