CP York Holdings Pty Ltd v The Food Improvers Pty Ltd [2009] NSWSC 409

New South Wales Supreme Court

CITATION : CP York Holdings Pty Ltd v The Food Improvers Pty Ltd [2009] NSWSC 409

HEARING DATE(S) : 14/05/09

JUDGMENT DATE : 14 May 2009

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

EX TEMPORE JUDGMENT DATE : 14 May 2009

DECISION : Statutory demand reduced. Time for compliance extended.

CATCHWORDS : CORPORATIONS - winding up - winding up in insolvency - application for order setting aside statutory demand - bulk of debt undisputed - defendant accepts that part of debt paid - plaintiff contends that there is "some other reason" why demand should be set aside - reliance by plaintiff on various matters indicating that plaintiff should be able to pay soon and going to prejudice and inconvenience to plaintiff if demand not set aside - such matters not related to "some other reason" ground

LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.4, ss 459G, 459H, 459J(1)(a), 459J(1)(b), 459S

CATEGORY : Principal judgment

Arcade Badge Embroidery Co Pty Ltd v Deputy Commissioner of Taxation [2005] ACTCA 3 Chippendale Printing Company Pty Ltd v Deputy Commissioner of Taxation (1995) 55 FCR 562 David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 Deputy Commissioner of Taxation v Broadbeach Properties Pty Ltd [2008] HCA 41 Fire & All Risks Insurance Ltd v Southern Cross Exploration NL (1986) 10 ACLR 683 CASES CITED : Hall Brothers Pty Ltd v Commissioner of Taxation (1996) 62 FCR 302 KW & KM Quinn Investments Pty Ltd and Deputy Commissioner of Taxation [2004] QCA 91 Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24 Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 132 FLR 300 Re Presha Engineering (Aust) Pty Ltd (1983) 1 ACLC 675 Switz Pty Limited v Glowbind Pty Ltd (2000) 48 NSWLR 661