NSW Caselaw
New South Wales Supreme Court
CITATION : Panel Tech Industries v Australian Skyreach (No 2) [2003] NSWSC 896 HEARING DATE(S) : 31/07/03 (plus written submissions on 15/08/03, 25/08/03 and 08/09/03), judgment reserved 08/09/03 JUDGMENT DATE : 3 October 2003
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Statutory demand set aside conditionally
CATCHWORDS : CORPORATIONS - winding up - application to set aside statutory demand - genuine dispute shown - significant doubt whether dispute will eventually be resolved in plaintiff's favour - condition requiring payment into court by plaintiff if defendant commences debt recovery proceedings LEGISLATION CITED : Corporations Act 2001 (Cth), ss.459G, 459H Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290 CASES CITED : Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 Panel Tech Industries (Australia) Pty Ltd v AustralianSkyreach Equipment Pty Ltd (2003) 200 ALR 321 Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452 PARTIES : Panel Tech Industries (Australia) Pty Limited - Plaintiff Australian Skyreach Equipment Pty Limited - Defendant FILE NUMBER(S) : SC 5379/02 COUNSEL : Mr Michael Green - Plaintiff Mr C.D. Wood - Defendant SOLICITORS : The Bruce & Stewart Commercial Practice - Plaintiff Jason Li Lawyers - Defendant
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION CORPORATIONS LIST
BARRETT J
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