In the matter of Mearth Technology Pty Ltd [2024] NSWSC 656

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Mearth Technology Pty Ltd [2024] NSWSC 656 Hearing dates: 8 May 2024 Date of orders: 29 May 2024 Decision date: 29 May 2024 Jurisdiction: Equity - Corporations List Before: McGrath J Decision: The amended originating process filed 1 March 2024 is dismissed and the plaintiff is to pay the costs of the defendant. Catchwords: CORPORATIONS – winding up – statutory demand – application to set aside – whether the statutory demand ought to be set aside because the alleged multiple debts are expressed as a single amount – whether the whole of the alleged debts were due and payable – whether the expression of the debt in a foreign currency constitutes a defect in the statutory demand – HELD – application to set aside statutory demand dismissed; no substantial injustice caused Legislation Cited: Corporations Act 2001 (Cth) ss 459E, 459G, 459H, 459J Cases Cited: Aldridge Electrical Industries Pty Ltd v Mobitec AB (2001) 39 ACSR 287; [2001] NSWSC 823 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 Daewoo Australia Pty Ltd v Suncorp-Metway Ltd (2000) 48 NSWLR 692; [2000] NSWSC 35 In the matter of Australian Institute of Fitness (Vic & Tas) Pty Ltd [2016] NSWSC 1143 In the matter of Gemi 169 Pty Ltd [2024] NSWSC 615 In the matter of MK Group Phoenix Pty Ltd [2014] NSWSC 1467 In the matter of Tuffrock Pty Ltd [2015] NSWSC 738 Jolley v Mainka (1933) 49 CLR 242 Kisimul Holdings Pty Ltd v Clear Position Pty Ltd [2014] NSWCA 262 NT Resorts Pty Ltd v Deputy Commissioner of Taxation (1998) 153 ALR 359 Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 20 ACSR 746; [1996] NSWSC 199 Re YCH Logistics (Australia) Pty Ltd [2013] NSWSC 1874Main Camp Tea Tree Oil Ltd v Australian Rural Group (2002) 20 ACLC 726; [2002] NSWSC 219 Topfelt Pty Ltd v State Bank of New South Wales Ltd (1993) 47 FCR 226 Vehicle Wash Systems Pty Ltd v Mark VII Equipment Inc (1997) 25 ACSR 709; (1997) 80 FCR 571 Category: Principal judgment Parties: Mearth Technology Pty Ltd (Plaintiff) 40Seas Inc (Defendant) Representation: Counsel: R Hudson (Plaintiff) N Bailey (Defendant)