Chadah Pty Ltd v Kubota Tractor Australia Pty Ltd [2003] NSWSC 456

New South Wales Supreme Court

CITATION : Chadah Pty Ltd v Kubota Tractor Australia Pty Ltd [2003] NSWSC 456 HEARING DATE(S) : 23 May 2003 JUDGMENT DATE : 6 June 2003 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : Statutory demand varied by substituting a lower amount than the amount for which it was issued

CATCHWORDS : CORPORATIONS - winding up - statutory demand - whether bona fide dispute exists - whether offsetting claim raised by affidavit filed within 21 days - whether affidavit accompanying statutory demand adequately "verifies that the debt … is due and payable by the company" - meaning of "verify". LEGISLATION CITED : Corporations Act 2001 (Cth) Trade Practices Act 1974 (Cth) Azed Developments Pty Ltd v Frederick & Co Ltd (In liq) (1994) 14 ACSR 54 Chains & Power (Aust) Pty Ltd v Commonwealth Bank of Australia (1994) 15 ACSR 544 Dventures Pty Ltd v Wily (in his capacity as Deed Administrator of Brac Retail Pty Ltd) [2001] NSWSC 641 Energy Equity Corporation Ltd v Sinedie Pty Ltd (2001) 166 FLR 179 Financial Solutions Australasia Pty Ltd v Predella Pty Ltd (2002) 167 FLR 106 CASES CITED : Graywinter Property Pty Ltd v Gas & Fuel Corporation Superannuation Fund (1996) 70 FCR 452 Hamilhall Pty Ltd (in liq) v AT Phillips Pty Ltd (1994) 15 ACSR 247 Main Camp Tea Tree Oil Ltd v Australian Rural Group Ltd [2002] NSWSC 219; (2002) 20 ACLC 726 Meadowfield Pty Ltd v Gold Coast Holdings Pty Ltd [2001] WASC 360 POS Media Online Ltd v B Family Pty Ltd [2003] NSWSC 147; (2003) 21 ACLC 533 Process Machinery Australia Pty Ltd v ACN 057 260 590 Pty Ltd [2002] NSWSC 45; [2002] ACL Rep 120 NSW 28 Scope Data Systems Pty Ltd v BDO Nelson Parkhill [2003] NSWSC 137 PARTIES : Chadah Pty Ltd - Plaintiff Kubota Tractor Australia Pty Ltd - Defendant FILE NUMBER(S) : SC 1474/03 COUNSEL : V Culkoff - Plaintiff J Hmelnitsky - Defendant SOLICITORS : Selby Levitt - Plaintiff Hunt & Hunt - Defendant