Radiancy (Sales) Pty Limited v Bimat Pty Limited [2007] NSWSC 962

Reported Decision : (2007) 25 ACLC 1,216

New South Wales Supreme Court

CITATION : Radiancy (Sales) Pty Limited v Bimat Pty Limited [2007] NSWSC 962

HEARING DATE(S) : 5 & 6 June 2007

JUDGMENT DATE : 31 August 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : White J

DECISION : See para 84 of judgment

CATCHWORDS : CORPORATIONS – Winding up in insolvency – Failure to comply with statutory demand –No application to have statutory demand set aside within time-limit – Factors to be taken into account in determining whether to grant leave under s 459S of the Corporations Act 2001 (Cth) to oppose winding-up application – Leave granted to oppose winding up application – Application for summary dismissal of originating process on grounds of abuse of process – Party who is not a creditor has no standing to bring winding-up proceedings – Creditor's standing not established where leave has been granted to oppose winding-up application on ground that debt genuinely disputed – Pursuit of winding-up application absent standing constitutes abuse of process – Order that originating process be dismissed. - PRACTICE AND PROCEDURE – Abuse of process – Institution of parallel proceedings not ipso facto an abuse of process.

LEGISLATION CITED : Corporations Act 2001 (Cth) Supreme Court (Corporations) Rules 1999 (NSW)

Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661 House of Tan Pty Ltd v Beachiris Pty Ltd (1996) 21 ACSR 527 State Bank of NSW v Tela Pty Ltd (No. 2) (2002) 188 ALR 702; [2002] NSWSC 20 Braams Group Pty Ltd v Miric (2002) 171 FLR 449; (2002) 44 ACSR 124 Chief Commissioner of Stamp Duties v Paliflex (1999) 149 FLR 179; (1999) 17ACLC 467 Bibby Financial Services Australia Pty Ltd v Wolf Industries Australia Pty Ltd (2004) 182 FLR 49; [2004] NSWSC 134 Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 132 FLR 300; (1996) 14 ACLC 1095 B & M Quality Constructions Pty Ltd v Buyrite Steel Supplies Pty Ltd (1994) 15 ACSR 433; (1994) 13 ACLC 88 Delta Beta Pty Ltd v Vissers (1996) 20 ACSR 583 Anderson Formrite Pty Ltd v CASC Hire Pty Ltd (2005) 147 FCR 379; (2006) 24 ACLC 154 Hamilhall Pty Ltd (in liq) v AT Phillips Pty Ltd (1994) 54 FCR 173 CASES CITED : Dolvelle Pty Ltd v Australian Macfarms Pty Ltd (1998) 43 NSWLR 717 Victorian Workcover Authority v Kay's Pty Ltd (2001) 39 ACSR 281 Williams v Spautz (1992) 174 CLR 509 Australian Beverage Distributors Pty Ltd v Evans & Tate Premium Wines Pty Ltd (2007) 61 ACSR 441; (2007) 25 ACLC 230 Mann v Goldstein [1968] 1 WLR 1091; [1968] 2 All ER 769 CVC Investments Pty Ltd v P & T Aviation Pty Ltd (1989) 18 NSWLR 295 Roy Morgan Research Center Pty Ltd v Wilson Market Research Pty Ltd (1996) 39 NSWLR 311 Tokich Holdings Pty Ltd v Sheraton Constructions (NSW) Pty Ltd (in liq) (2004) 185 FLR 130; (2004) 22 ACLC 955 Masri Apartments Pty Ltd (in liq) v Perpetual Nominees Ltd (2004) 22 ACLC 1,411; (2004) 209 ALR 86 L & D Audio Acoustics Pty Ltd v Pioneer Electronics Australia Pty Ltd (1982) 1 ACLC 536; (1982) 7 ACLR 180 Redglove Holdings Pty Ltd v GNE & Associates Pty Ltd (2001) 165 FLR 72; [2001] NSWSC 867 Brolrik Pty Ltd v Sambah Holdings Pty Ltd (2001) 164 FLR 91; (2001) 40 ACSR 361 Portfolio Projects Pty Ltd v Oakes Building Co. Pty Ltd (1987) 5 ACLC 911