Cashgain Pty Ltd v Excell Building Corporation Pty Ltd [2007] NSWSC 196

Reported Decision : 70 NSWLR 73

New South Wales Supreme Court

CITATION : Cashgain Pty Ltd v Excell Building Corporation Pty Ltd [2007] NSWSC 196

HEARING DATE(S) : 02/02/07

JUDGMENT DATE : 9 March 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Statutory demand set aside

CATCHWORDS : CORPORATIONS - winding up - statutory demand - application for order setting aside statutory demand based on judgment debt - offsetting claim asserted being claim for damages for defective work by proprietor against builder of home units - whether such claim genuine and of substance - contention that such claim unavailable because of (a) issue of various certificates indicating completion of work (b) expiration of defects rectification period or (c) sale of most units by plaintiff - claim held to be genuine offsetting claim

Building and Construction Industry Security of Payment Act 1999 LEGISLATION CITED : Corporations Act 2001 (Cth), ss.459G, 459H(1), 459H(2), 459H(5) Trade Practices Act 1974 (Cth), s.82 Uniform Civil Procedure Rules 2005, rule 36.15(1)

Bitannia Pty Ltd v Parkline Constructions Pty Ltd [2006] NSWCA 238 Carre v Owners Corporation – Strata Plan 5302 (2003) 58 NSWLR 302 East Ham Corporation v Bernard Sunley and Sons Ltd [1966] AC 406 CASES CITED : Graywinter Properties Pty Ltd v Gas and Fuel Corporation Superannuation Fund (1996) 70 FCR 452 Hancock v BW Brazier (Anerley) Ltd (1966) 1 WLR 1317 Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NSWSC 743 National Coal Board v William Neill and Son (St Helens) Ltd [1985] QB 300 Triden Properties Ltd v Capital Financial Group Ltd (1996) 12 BCL 402