NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of TZI Australia Pty Limited [2024] NSWSC 493 Hearing dates: 09 April 2024 Date of orders: 01 May 2024 Decision date: 01 May 2024 Jurisdiction: Equity - Corporations List Before: McGrath J Decision: The originating process filed 6 November 2023 is dismissed and the plaintiff is to pay the costs of the defendant. Catchwords: CORPORATIONS — winding up — creditor's statutory demand — application to set aside statutory demand — Corporations Act 2001 (Cth) ss 459H and 459J — whether there is a defect in the statutory demand — whether the defect causes substantial injustice — whether there are genuine offsetting claims — whether there is a genuine dispute about the existence or amount of debt — HELD — no grounds to set aside the statutory demand Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: AR Pilot Pty Ltd v Gouriotis [2007] NSWSC 396 Chippendale Printing Co Pty Ltd v Deputy Commissioner of Taxation (1995) 55 FCR 562 Condor Asset Management Ltd v Excelsior Eastern Ltd (2005) 56 ACSR 223; [2005] NSWSC 1139 Creata (Aust) Pty Ltd v Faull (2017) 125 ACSR 212; [2017] NSWCA 300 Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd (2019) 99 NSWLR 397; (2019) 136 ACSR 563; [2019] NSWCA 60 LSI Australia v LSI Holdings; LSI Australia v LSI Consulting (2007) 25 ACLC 1602; [2007] NSWSC 1406 Main Camp Tea Tree Oil Ltd v Australian Rural Group (2002) 20 ACLC 726; [2002] NSWSC 219 Malec Holdings Pty Ltd v Scotts Agencies Pty Ltd (in liq) [2015] VSCA 330 Re Citadel Financial Corporation Pty Ltd [2019] NSWSC 65 Re JDH Capital Pty Ltd [2024] NSWSC 164 Re Libdy Developments Pty Ltd [2023] NSWSC 647 Re Wollongong Coal Ltd (2015) 110 ACSR 134; [2015] NSWSC 1680 Re YCH Logistics (Australia) Pty Ltd [2013] NSWSC 1874 Topfelt Pty Ltd v State Bank of NSW Ltd (1993) 47 FCR 226 Category: Principal judgment Parties: TZI Australia Pty Limited (Plaintiff) Black Ink Networks Pty Ltd (Defendant) Representation: Counsel: S Worsfield (Plaintiff) S Scott (Defendant)
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