In the matter of One Mastery Developments Pty Ltd [2023] NSWSC 980

Supreme Court New South Wales

Medium Neutral Citation: In the matter of One Mastery Developments Pty Ltd [2023] NSWSC 980 Hearing dates: 14 August 2023 Date of orders: 18 August 2023 Decision date: 18 August 2023 Jurisdiction: Equity - Corporations List Before: Williams J Decision: See conclusion at [46] Catchwords: CORPORATIONS — Winding up — Statutory demand — Failure to comply with statutory demand — No application to set aside statutory demand — Leave sought under s 459S to oppose winding up application on the ground that the existence or amount of debt disputed — Where dispute is material to proving that the debtor company is solvent — Where serious question to be tried established — Where explanation for failure to apply to set aside the statutory demand insufficient — Applicant unreasonably failed to attend to correspondence delivered to its registered office Legislation Cited: Building and Construction Industry Security of Payment Act 1999 (NSW), ss 4, 5, 6, 6(1)(b)(ii), 8, 13, 13(1), 14(4), 15 Corporations Act 2001 (Cth), ss 459G, 459S, 459S(2), Part 5.4 Cases Cited: Hadley v BetHQ Pty Ltd [2016] FCA 1263 Hanson Construction Materials Pty Ltd v FEC Civil Pty Ltd [2009] NSWSC 161 In the matter of ACN 151 738 135 Pty Ltd [2015] NSWSC 1216 In the matter of Garslev Holdings Pty Ltd [2023] NSWSC 609 In the matter of Kornucopia Pty Ltd (ACN 615 630 316) [2020] VSC 7 In the matter of Vangory Holdings Pty Ltd [2015] NSWSC 546 Nick Scali Ltd v JSK Logistics Pty Ltd [2008] NSWSC 597 Perpetual Nominees Ltd v Masri Apartments Pty Ltd; Perpetual Nominees Ltd v Aus Constructions Pty Ltd (2004) 49 ACSR 719; (2004) 22 ACLC 975; [2004] NSWSC 551 Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661; (2000) 155 FLR 282; (2000) 33 ACSR 723; [2000] NSWCA 37 Texts Cited: N/A Category: Principal judgment Parties: Ceerose Pty Ltd ACN 088 827 678 (Respondent/Plaintiff) One Mastery Developments Pty Ltd ACN 661 384 532 (Applicant/Defendant) Representation: Counsel: Mr M T Fernandes (Respondent/Plaintiff) Mr A D Bailey (Applicant/Defendant)