Binshell v Broadway [2002] NSWSC 54

New South Wales Supreme Court

CITATION : Binshell v Broadway [2002] NSWSC 54 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 4836/01 HEARING DATE(S) : 11/02/02 JUDGMENT DATE : 15 February 2002

PARTIES : Binshell Pty Limited - Plaintiff Broadway Australia Pty Limited - Defendant JUDGMENT OF : Barrett J

COUNSEL : Mr A. Lo Surdo - Plaintiff Mr D.R. Pritchard - Defendant SOLICITORS : Phillips Fox - Plaintiff Garland Hawthorne Brahe - Defendant CATCHWORDS : CORPORATIONS - winding up - application to set aside statutory demand - "genuine dispute" - tests to be applied - CONVEYANCING - matters arising between contract and completion - guarantee given for deposit - whether purchaser defaulted - whether termination by vendor wrongful - whether vendor entitled to recover deposit after expiration of guarantee - whether such entitlement is a "debt". LEGISLATION CITED : Corporations Act 2001 (Cth) Ashdown v Kirk [1999] 2 Qd R 1 Barclay v Messenger (1874) 43 LJ Ch 449 Bot v Ristevski [1981] VR 120 Cooper v Ungar (1958) 100 CLR 510 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 Energy Equity Corp Ltd v Sinedie Pty Ltd [2001] WASCA 419 CASES CITED : Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 J R Stevens Holdings Pty Ltd v Von Begensey (1992) 5 BPR 11,534 Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1994) 2 VR 290 Process Machinery Australia Pty Ltd v ACN 057 260 590 Pty Ltd [2002] NSWSC 45 Rothwells Ltd v Nommack (No 100) Pty Ltd [1990] 2 Qd R 85 Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 75 FCR 452 Tropical Traders Ltd v Goonan (1964) 111 CLR 41 Trpkovski v Russell [2001] FCA 1871 DECISION : Application dismissed