In the matter of Rio Dorado Limited ACN 148 175 991; Rio Dorado Limited (ACN 148 175 991) v 70:20:10 Forum Pty Ltd (ACN 158 131 938) [2023] NSWSC 619

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Rio Dorado Limited ACN 148 175 991; Rio Dorado Limited (ACN 148 175 991) v 70:20:10 Forum Pty Ltd (ACN 158 131 938) [2023] NSWSC 619 Hearing dates: 24 May 2023 Date of orders: 9 June 2023 Decision date: 09 June 2023 Jurisdiction: Equity - Corporations List Before: Williams J Decision: Statutory demand set aside; see orders at [21]. Catchwords: CORPORATIONS — Winding up — Statutory demand — Genuine dispute about terms of oral agreement and whether debt presently due and payable — No question of principle Legislation Cited: Corporations Act 2001 (Cth) s 459H(1)(a) Cases Cited: County Securities Pty Ltd v Challenger Group Holdings Pty Ltd [2008] NSWCA 193 Creata (Aust) Pty Ltd v Faull (2017) 125 ACSR 212; (2017) 35 ACLC 17-056; [2017] NSWCA 300 Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd (2019) 99 NSWLR 397; (2019) 136 ACSR 563; [2019] NSWCA 60 In the matter of Essential Media and Entertainment Pty Ltd [2020] NSWSC 990 King v Adams [2016] NSWSC 1798 Malec Holdings Pty Ltd v Scotts Agencies Pty Ltd (in liq) [2015] VSCA 330 Texts Cited: N/A Category: Principal judgment Parties: Rio Dorado Limited (ACN 148 175 991) (Plaintiff) 70:20:10 Forum Pty Limited (ACN 158 131 938) (Defendant) Representation: Counsel: Ms R L Gall (Plaintiff) Mr N Parsons, solicitor (Defendant)

Solicitors: HWL Ebsworth Lawyers (Plaintiff) W Advisers Pty Ltd (Defendant) File Number(s): 2023/78759 Publication restriction: N/A