Meehan & Ors v Glazier Holdings Pty Limited [2005] NSWCA 24

Reported Decision : 53 ACSR 229

New South Wales Court of Appeal

CITATION: Meehan & Ors v Glazier Holdings Pty Limited [2005] NSWCA 24

HEARING DATE(S): 4 February 2005

JUDGMENT DATE: 17 February 2005

JUDGMENT OF: Santow JA at 1; Tobias JA at 56; Young CJ in Eq at 57

DECISION: Leave to appeal granted and the appeal allowed.

CATCHWORDS: CORPORATIONS LAW - Creditor's statutory demand - basis for setting aside under s459J(1)(b) of the Corporations Act - no offsetting claim or genuine dispute but claim by third party associated with debtor against creditor issuing statutory demand - relevance that statutory demand to recover costs following cost order which represented discrete stage of ongoing litigation - basis for upsetting trial judge's discretionary determination to set aside statutory demand - relevance of statutory demand being now stale.

LEGISLATION CITED: Corporations Act 2001 Pt 5.4; s459J

Barclays (Aust) Finance Ltd v Mike Gaffikin Marine Pty Ltd (1996) 14 ACLC 1,367, 21 ACSR 235 Gronow v Gronow (1979) 144 CLR 513 Hoare Bros Pty Limited v Commissioner of Taxation (1996) 62 FCR 302 House v the King (1936) 55 CLR 467 Kezarne Pty Limited v Sydney Asbestos Removal Services Pty Limited (1998) 29 ACSR 11 Meehan v Glazier Holdings Pty Ltd (2002) 54 NSWLR 146 CASES CITED: Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1993) 11 ACLC 1062, 11 ACSR 362 Portrait Express (Sales) Pty Limited v Kodak (Australasia) Pty Limited (1996) 20 ACSR 746 Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 Renato Evangelisti Nominees Pty Ltd v EEC (1990) Pty Ltd (1995) 13 ACLC 1,378 Sajepe Pty Ltd v Lawler (2000) 18 ACLC 457 Spencer Constructions Pty/Limited v G & M Aldridge Pty Limited (1997) 76 FCR 452