PJM Financial Services Pty Ltd v Citigroup Global Markets Australia Pty Ltd; PJKLM Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd; Clawson Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd [2008] NSWSC 619

New South Wales Supreme Court

CITATION : PJM Financial Services Pty Ltd v Citigroup Global Markets Australia Pty Ltd; PJKLM Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd; Clawson Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd [2008] NSWSC 619 This decision has been amended. Please see the end of the judgment for a list of the amendments.

HEARING DATE(S) : 18/06/08

JUDGMENT DATE : 18 June 2008

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

EX TEMPORE JUDGMENT DATE : 18 June 2008

DECISION : Application for order staying execution of order of dismissal pending appeal dismissed

CATCHWORDS : CORPORATIONS - winding up - statutory demand - application for order setting aside demand dismissed - no order sought or made for s 459F(2)(a)(i) extension - non-compliance with demand therefore complete at expiration of seven days after dismissal - application by unsuccessful plaintiff for order staying execution of order of dismissal pending appeal - whether such order of any utility in context of legislative scheme concerning statutory demands

LEGISLATION CITED : Corporations Act 2001 (Cth), Division 2 Part 5.4, ss 459F(1), 459F(2)(a)(i), (ii), 459G

CATEGORY : Principal judgment

Aussie Vic Plant Hire Pty Ltd v Esanda Finance Corporation Ltd [2008] 8 HCA 9; (2008) 82 ALJR 564 Buckland Products Pty Ltd v Deputy Commissioner of Taxation [2003] VSCA 85 CASES CITED : Clawson Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd [2008] NSWSC 537 Geoform Design Pty Ltd v Strauss (1996) 14 ACLC 675 Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; (2005) 53 ACSR 229 PJM Financial Services Pty Ltd v Citigroup Global Markets Australia Pty Ltd; PJKLM Holdings Pty Ltd v Citigroup Global Markets Australia Pty Ltd [2008] NSWSC 547