TS Recoveries Pty Ltd v Sea-Slip Marinas (Aust) Pty Ltd [2007] NSWSC 1074

Reported Decision : (2007) 25 ACLC 1,371

New South Wales Supreme Court

CITATION : TS Recoveries Pty Ltd v Sea-Slip Marinas (Aust) Pty Ltd [2007] NSWSC 1074

HEARING DATE(S) : 25/09/07

JUDGMENT DATE : 25 September 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

EX TEMPORE JUDGMENT DATE : 25 September 2007

DECISION : Ruling that abuse of process contentions may be advanced by defendant

CATCHWORDS : CORPORATIONS - winding up in insolvency - application by creditor on basis of presumption of insolvency - defendant concedes insolvency but seeks exercise by court of discretion to dismiss winding up application - defendant alleges abuse of process - where alleged abuse involves course of conduct beginning before service of statutory demand and continuing to present - no abuse of process allegation raised in relation to statutory demand - whether s.459S precludes such allegation upon hearing of winding up application

Companies Act 1961, s.225(1) LEGISLATION CITED : Companies Act 1981 (Cth), s.367(1) Corporations Act 2001 (Cth), ss.459C(2)(a), 459J(1)(b), 459S, 465C(a), 467(1)(a),

Australian Beverage Distributors Pty Ltd v Evans and Tate Premium Wines Pty Ltd (2007) 61 ACSR 441 Braams Group Pty Ltd v Miric (2002) 171 FLR 449 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 CASES CITED : Gribbles Pathology (Vic) Pty Ltd v Shandford Investments Pty Ltd (2004) 51 ACSR 578 Mibor Investments Pty Ltd v Commonwealth Bank of Australia (1993) 11 ACSR 362 Perpetual Nominees Ltd v Masri Apartments Pty Ltd (2004) 49 ACSR 719 (affirmed (2004) 52 ACSR 136) Radiancy (Sales) Pty Ltd v Bimat Pty Ltd [2007] NSWSC 962