In the matter of 47 Industrial Pty Ltd [2024] NSWSC 1166

Supreme Court New South Wales

Medium Neutral Citation: In the matter of 47 Industrial Pty Ltd [2024] NSWSC 1166 Hearing dates: 11 September 2024 Date of orders: 11 September 2024 Decision date: 11 September 2024 Jurisdiction: Equity - Corporations List Before: Nixon J Decision: (1) The statutory demand issued by the Defendants to the Plaintiff on 5 March 2024 be set aside. (2) The Defendants pay the Plaintiff's costs: (a) to 23 August 2024, on the ordinary basis; and (b) from 24 August 2024, on an indemnity basis. Catchwords: CORPORATIONS - application to set aside creditors' statutory demand under Corporations Act 2001 (Cth) s 459G – where debt identified in demand is the subject of proceedings brought by the Defendants in the Supreme Court of Queensland – where conflicting evidence regarding the oral agreement alleged to give rise to the debt – whether a genuine dispute is established – whether the statutory demand should be set aside for some other reason Legislation Cited: Corporations Act 2001 (Cth), s 459G, 459H, 459J Cases Cited: CGI Information Systems and Management Consultants Pty Ltd v APRA Consulting Pty Ltd [2003] NSWSC 728 Createc Pty Ltd v Design Signs Pty Ltd [2009] WASCA 85 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265; [1995] HCA 43 Homeward Bound Export Cherry Project Pty Ltd v Farm Working Hands Pty Ltd [2012] NSWCA 447 In Re a Company [1894] 2 Ch 349 In the matter of Modern Wholesale Jewellery Pty Ltd; In the matter of Global Austral Pty Ltd; In the matter of Modern Wholesale Jewellery Pty Ltd [2017] NSWSC 236 In the matter of Zarzar Pty Ltd [2017] NSWSC 93 MNWA Pty Ltd v Deputy Commissioner of Taxation [2016] FCAFC 154 Roberts v Wayne Roberts Concrete Constructions Pty Ltd [2004] NSWSC 734 Soudan Lane Pty Ltd v Glen Bradshaw t/as Pacific Coast Digital [2007] NSWSC 772 Tomlinson v Ramsey Food Processing Pty Ltd (2015) 256 CLR 507; [2015] HCA 28 UBS AG v Tyne (2018) 265 CLR 77; [2018] HCA 45 Category: Principal judgment Parties: 47 Industrial Pty Ltd (Plaintiff) Stuart Herne (First Defendant) Karen Herne (First Defendant) Representation: Counsel: SA Lees (Plaintiff) J Hyde Page (Defendants)