NSW Caselaw
Reported Decision : 56 ACSR 223
New South Wales Supreme Court
CITATION : Condor Asset Management Ltd v Excelsior Eastern Ltd [2005] NSWSC 1139
HEARING DATE(S) : 04/11/05
JUDGMENT DATE : 10 November 2005
Equity Division JURISDICTION : Corporations List
JUDGMENT OF : Barrett J
DECISION : Statutory demand set aside
CATCHWORDS : CORPORATIONS - winding up - statutory demand - application for order setting aside - where demand based on several debts states aggregate sum without identification of individual debts - where demand based on assigned debts but alleged debtor not previously aware of assignment or given particulars thereof in demand itself - whether affidavit accompanying demand sufficient - whether genuine dispute as to existence of debts shown
Conveyancing Act 1919. s.12 Corporations Act 2001 (Cth), ss.459E, 459G, 459J LEGISLATION CITED : Corporations Regulations 2001 (Cth), Form 509H Supreme Court (Corporations) Rules 1999, rule 5.2
Bennell v Netlink Australia Pty Ltd (2002) 42 ACSR 680 Chippendale Printing Co Pty Ltd v Deputy Commissioner of Taxation (1995) 55 FCR 562 Clearance Nominees Pty Ltd v Discount Acceptance Corporation Pty Ltd (1997) 25 ACSR 531 Cooloola Dairys Pty Ltd v National Foods Milk Ltd [2005] 1 QdR 12 Delta Beta Pty Ltd v Vissers (1996) 20 ACSR 583 Emhill Pty Ltd v Bonsoc Pty Ltd (2004) 50 ACSR 305 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Graywinter Properties Pty Ltd v Gas & Fuel Corporation Superannuation Fund (1996) 70 FCR 452 Howship Holdings Pty Ltd v Leslie (1996) 41 NSWLR 542 Jadd Projects Pty Ltd v Muldoon Tiles Supply & Fix Pty Ltd [2004] WASCA 180 Ketrim v AS&L Pty Ltd (2004) 52 ASCR 252 Manzo v 555/255 Pitt Street Pty Ltd (1990) 1 NSWLR 1 Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290 National Mutual Life Nominees Ltd v National Capital Development Commission (1975) 6 ACTR 1 CASES CITED : Parklands Blue Metal Pty Ltd v Kowari Motors Pty Ltd [2004] 1 QdR 140 Pino v Prosser [1967] VR 835 Reale Bros Pty Ltd v Reale (2003) 179 FLR 427 Re Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601 Re Small & Shattell (Sales) Pty Ltd (1992) 7 ACSR 99 Re Steel Wing Co Ltd [1921] 1 Ch 349 Rohan Trading Co Pty Ltd v Glengor Pastoral Co Pty Ltd [2003] NSWSC 1265 Seventh Cameo Nominees Pty Ltd v Holdway Pty Ltd (unreported, VSC, Chernov J, 24 April 1998 Solarite Air Conditioning Pty Ltd v York International Australia Pty Ltd [2002] NSWSC 411 Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452 Standard Commodities Pty Ltd v Societe Socinter Department Centragel (2005) 54 ACSR 489 Topfelt Pty Ltd v State Bank of New South Wales (1993) 47 FCR 226 Tuta Healthcare Pty Ltd v Nipro Asia Pty Ltd [2005] NSWSC 664 Warner Bros Records Inc v Rollergreen Ltd [1976] QB 430 Wildtown Holdings Pty Ltd v Rural Traders Co Ltd (2002) 172 FLR 35
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