In the matter of Garslev Holdings Pty Ltd [2023] NSWSC 609

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Garslev Holdings Pty Ltd [2023] NSWSC 609 Hearing dates: 07 June 2023 Date of orders: 08 June 2023 Decision date: 08 June 2023 Jurisdiction: Equity - Corporations List Before: Hammerschlag CJ in Eq Decision: Leave to oppose on grounds available in statutory demand application refused. Winding up order made and liquidator appointed. Catchwords: CORPORATIONS – Corporations Act 2001 (Cth) ss 459H and 459S – winding up application where leave is sought by the defendant company to rely on grounds relied upon in an application by it for a Creditor's Statutory Demand to be set aside – approach to such applications considered – HELD: leave refused and company to be wound up Legislation Cited: Corporations Act 2001 (Cth) Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: Chief Commissioner of Stamp Duties v Paliflex Pty Ltd [1999] NSWSC 15; (1999) 17 ACLC 467 David Grant & Co Pty Ltd v Westpac Banking Corp (1995) 184 CLR 265; [1995] HCA 43 Hampton Court Ltd v Crookes (1957) 97 CLR 367; [1957] HCA 28 In the matter of Garslev Holdings Pty Ltd [2023] NSWSC 346 Larkden Pty Ltd v Lloyd Energy Systems Pty Ltd [2011] NSWSC 1305; (2011) 285 ALR 207 Overdean Developments Pty Limited v Garslev Holdings Pty Ltd (No 3) [2021] NSWSC 1482 Re Atlantic Computer Systems PLC [1992] Ch 505 Re Pioneer Cryogenics Pty Ltd [2015] NSWSC 1202 Re Yuan Tong Investments Pty Ltd [2017] NSWSC 910 Stellar Vision Operations Pty Ltd v Hills Health Solutions Pty Ltd [2023] NSWCA 102 Texel Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 298 Category: Principal judgment Parties: Overdean Developments Pty Limited (ACN 109 387 457) (Plaintiff / Respondent to Interlocutory Process) Garslev Holdings Pty Ltd (ACN 003 312 383) (Defendant / First Applicant to Interlocutory Process) Leonardus Smits (Second Applicant to Interlocutory Process) Representation: Counsel: D Allen (Plaintiff / Respondent to Interlocutory Process) L Smits (Solicitor) (Defendant / Applicants to Interlocutory Process)