Remuneration Planning Corporation Pty Ltd v Paidion Foundation Pty Ltd [2001] NSWSC 598

New South Wales Supreme Court

CITATION : Remuneration Planning Corporation Pty Ltd v Paidion Foundation Pty Ltd [2001] NSWSC 598 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2509/01 HEARING DATE(S) : 9 & 12 July 2001 JUDGMENT DATE : 12 July 2001

PARTIES : Remuneration Planning Corporation Pty Limited (P) Paidion Foundation Pty Limited as Trustee of The Kenneths Trust trading as The Kenneths Group (D) JUDGMENT OF : Hamilton J

COUNSEL : P E McDonald (P) J D Wilson (D) SOLICITORS : Gilbert & Tobin (P) Kemp Strang (D) CATCHWORDS : CORPORATIONS [212], [215] - Winding up - Grounds for winding up - Insolvency - Application to set aside demand - Genuine dispute as to indebtedness - Assessing genuineness - Test to be applied - Offsetting claims - Test applicable - Difficulty in calculating amount - Difficulty caused or contributed to by creditor. LEGISLATION CITED : Corporations Law s 459H Advance Ship Design Pty Ltd v D J Ryan t/as Davies Collison Cave (1995) 16 ACSR 129 Chase Manhattan Bank Australia Ltd v Oscty Pty Ltd (1995) 17 ACSR 128 Edge Technology Pty Ltd v Lite-on Technology Corporation (2000) 34 ACSR 301 Europecars Pty Ltd v Century International Ltd (1999) 30 ACSR 774 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Jesseron Holdings Pty Ltd v Middle East Training Consultants Pty Ltd (1994) 13 ACSR 455 Jesseron Holdings Pty Ltd v Middle East Training Consultants Pty Ltd (No 2) (1994) 13 ACSR 787 CASES CITED : John Shearer Ltd v Gehl Co (1995) 18 ACSR 780 Re Mega Engineering Australia Pty Ltd (1997) 24 ACSR 683 Rohalo Pharmaceutical Pty Ltd v R P Scherer SpA (1994) 15 ACSR 347 Royal Premier Pty Ltd v Taleski [2001] WASCA 48 Scanhill Pty Ltd v Century 21 Australasia Pty Ltd (1993) 12 ACSR 341 Sewmail (Australia) Pty Ltd v Booby Traps Pty Ltd (1997) 23 ACSR 339 Spencer Constructions Pty Ltd v G & A Aldridge Pty Ltd (1997) 76 FCR 452 Sterling Estates (SA) Pty Ltd v Bradley (2000) 34 ACSR 177 DECISION : Statutory demand set aside.