Asia Pacific Glass v Sindea Trading Co [2003] NSWSC 334

New South Wales Supreme Court

CITATION : Asia Pacific Glass v Sindea Trading Co [2003] NSWSC 334 HEARING DATE(S) : 11/04/03 JUDGMENT DATE : 23 April 2003

JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Statutory demand set aside conditionally

CATCHWORDS : CORPORATIONS - winding up in insolvency - statutory demand - genuine dispute - offsetting claim - need for quantification of claim - imposition of condition that offsetting claim be pursued LEGISLATION CITED : Corporations Act 2001 (Cth), ss.459G, 459H(1)(a) and 459H(1)(b) Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 Edge Technology Pty Ltd v Lite-on-Technology Corp (2000) 34 ACSR 301 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Jesseron Holdings Pty Ltd v Middle East Trading Consultants (1994) 12 ACLC 490 CASES CITED : Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NSWSC 743 Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290 Re Morris Catering Pty Ltd (1993) 11 ACSR 601 No 96 Factory Bargains Pty Ltd v Kershel Pty Ltd [2003] NSWSC 146 Solarite Air Conditioning Pty Ltd v York International Australia Pty Ltd [2002] NSWSC 411 Spencer Constructions Pty Ltd v G & A Aldridge Pty Ltd (1997) 76 FCR 452 PARTIES : Asia Pacific Glass Pty Ltd - Plaintiff Sindea Trading Co Pty Ltd - Defendant FILE NUMBER(S) : SC 6098/02 COUNSEL : Mr J T Johnson - Plaintiff Ms R Sofroniou - Defendant SOLICITORS : Macedone Christie Willis - Plaintiff Hunt & Hunt - Defendant