NSW Caselaw
New South Wales Supreme Court
CITATION : Elm Financial Services Pty Ltd v MacDougal [2004] NSWSC 560 HEARING DATE(S) : 25/06/04 JUDGMENT DATE : 25 June 2004
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Statutory demand set aside
CATCHWORDS : CORPORATIONS - winding up - statutory demand - application to set aside on grounds of genuine dispute and offsetting claim - Graywinter principle precludes case based on genuine dispute - whether offsetting claim where agent alleged to have received secret profits from clients of principal - quantification of claim - the "not fanciful" requirement LEGISLATION CITED : Corporations Act 2001 (Cth), ss.459E, G and H Graywinter Properties Pty Ltd v Gas and Fuel Superannuation Fund (1996) 70 FCR 452 Jesserson 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 1088 No. 96 Factory Bargains Pty Ltd v Kershel Pty Ltd [2003] NSWSC 146 Tokich Holdings Pty Ltd v Sheraton Constructions (NSW) Pty Ltd [2004] NSWSC 527 PARTIES : Elm Financial Services Pty Limited - Plaintiff Sally Joan MacDougal - Defendant FILE NUMBER(S) : SC 1659/04 COUNSEL : Mr J M Miller - Plaintiff Mr J V Gooley - Defendant SOLICITORS : Swaab Attorneys - Plaintiff Campbell Paton & Taylor - Defendant
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION CORPORATIONS LIST
BARRETT J
FRIDAY 25 JUNE 2004
1659/04 - ELM FINANCIAL SERVICES PTY LTD v SALLY JOAN MACDOUGAL
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