Buddies Liquor P/L v Wah Lai Investment (Australia) P/L [2001] NSWSC 337

Reported Decision : (2001) 19 ACLC 855

New South Wales Supreme Court

CITATION : Buddies Liquor P/L v Wah Lai Investment (Australia) P/L [2001] NSWSC 337 revised - 1/05/2001 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2112/01 HEARING DATE(S) : 30 April 2001 JUDGMENT DATE : 30 April 2001

PARTIES : Buddies Liquor Pty Limited ACN 002 402 191 (Plaintiff) Wah Lai Investment (Australia) Pty Limited ACN 003 169 497 (Defendant) JUDGMENT OF : Santow J

COUNSEL : M Christie / Ms V Culkoff (Plaintiff) N Banfield (Solicitor) (Defendant) SOLICITORS : Meers & Meers (Plaintiff) Sally Nash & Co (Defendant) CATCHWORDS : CORPORATIONS — Withdrawal of statutory demand directed wrongly against the Plaintiff company — Policy of statutory regime — Costs awarded in favour of Plaintiff. LEGISLATION CITED : Corporations Law s459E; s459G CASES CITED : Winning Appliances Pty Limited v St George Appliances Pty Limited (Bergin J [1999] NSWSC 1157, 30 November 1999, unreported) DECISION : Costs awarded to party setting aside statutory demand.

REVISED — 1 May, 2001 IN THE SUPREME COURT OF NEW SOUTH WALES IN EQUITY

SANTOW J

No. 2112/01 Buddies Liquor Pty Limited ACN 002 402 191 Plaintiff Wah Lai Investment (Australia) Pty Limited ACN 003 169 497 Defendant

JUDGMENT — ex tempore 30 April 2001

orders

1. By consent, I order that the Statutory Demand of the Defendant and subsequently purportedly withdrawn, be set aside to the extent that an order to that effect is required