In the matter of Airclub Pty Ltd atf the Airclub Discretionary Trust [2024] NSWSC 1679

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Airclub Pty Ltd atf the Airclub Discretionary Trust [2024] NSWSC 1679 Hearing dates: 19 December 2024 Date of orders: 19 December 2024 Decision date: 19 December 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order that creditor's statutory demand be set aside. Catchwords: CORPORATIONS - Statutory demand - Application to set aside creditor's statutory demand - Whether an offsetting claim is established – preliminary views as to whether there may have been some other reason to set aside creditor's statutory demand issued inn context of ongoing proceedings as to related matters. Legislation Cited: Corporations Act 2001 (Cth), ss 459G, 459H, 459J(1)(b) Cases Cited: - Britten Norman Pty Ltd v Analysis & Technology Pty Ltd (2013) NSWLR 601; [2013] NSWCA 344 - Creata (Aust) Pty Ltd v Faull (2017) 125 ACSR 212; [2017] NSWCA 300 - Fleur De Lys Pty Ltd v Jarrett (2004) 51 ACSR 238; [2004] FCA 1357 - Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd (2019) 99 NSWLR 397; [2019] NSWCA 60 - James v Abrahams (1981) 34 ALR 657 - Manioitis v Valimi Pty Ltd (2002) 4 VR 386 - Re a Bankruptcy Notice [1934] 1 Ch 431 - TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70 Category: Principal judgment Parties: Airclub Pty Ltd as trustee for the Airclub Discretionary Trust (Plaintiff) QinetiQ Pty Ltd (Defendant) Representation: Counsel: H C Cooper (Plaintiff) D H Mitchell/J Birrell (Defendant)