Di Francesca Holdings P/L v Hatziplis Holdings P/L [2005] NSWSC 169

New South Wales Supreme Court

CITATION : Di Francesca Holdings P/L v Hatziplis Holdings P/L [2005] NSWSC 169

HEARING DATE(S) : 25/02/05

JUDGMENT DATE : 25 February 2005

JUDGMENT OF : White J

DECISION : 1. Set aside the Statutory Demand; 2. Order made in terms of para 1 of section A of the Originating Process; 3. Defendant to pay the plaintiff's costs of the application; 4.Exhibits may be returned after 28 days.

CATCHWORDS : CORPORATIONS - Application to set aside Statutory Demand - Whether genuine dispute as to liability for debt - Whether genuine offsetting claim by way of counter claim, set-off or cross demand - Potential available relief - Counter claim able to be quantified in monetary terms.

Corporations Act 2001 (Cth) Retail Leases Act 1994 (NSW) LEGISLATION CITED : Fair Trading Act 1987 (NSW) Trade Practices Act 1974 (Cth) Supreme Court Act 1970 (NSW)

Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785; 12 ACLC 669 Re Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601 Solarite Air Conditioning Pty Ltd v York International Australia Pty Ltd [2002] NSWSC 411 Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NsWSC 743 CASES CITED : Elm Financial Services v MacDougall [2004] NSWSC 560 Greywinter Property Pty Limited v Gas and Fuel Superannuation Fund (1996) 70 FCR 452 Process Machinery Australia Pty Limited v ACN 057 262 590 Pty Limited [2002] NSWSC 45 POS Media v B Family (2003) 21 ACLC 533 Tokich Holdings Pty Limited v Sheraton Constructions NSW Pty Ltd (in liq) (2004) 22 ACLC 955