Cranney Farm Pty Ltd v Corowa Fertilizers Pty Ltd [2011] NSWSC 9

Supreme Court New South Wales

Medium Neutral Citation: Cranney Farm Pty Ltd v Corowa Fertilizers Pty Ltd [2011] NSWSC 9 Hearing dates: 13 December 2010 Decision date: 02 February 2011 Jurisdiction: Equity Division - Corporations List Before: Ward J Decision: Order for the setting aside of statutory demand made conditional on payment into Court or provision of security for judgment debt, failing which application dismissed Catchwords: CORPORATIONS - application to set aside statutory demand on the basis of some other reason pursuant to s 459J(1)(b) or defects causing substantial injustice pursuant to s 459J(1)(a) - HELD - neither existence of appeal on arguable grounds nor claimed entitlement to stay sufficient of itself to require statutory demand to be set aside - defects identified in statutory demand not such as to cause substantial injustice - if judgment debt paid into court or otherwise secured, this together with existence of appeal on reasonable grounds would provide some other reason why demand should be set aside - conditional order for the setting aside of the statutory demand to be made Legislation Cited: Corporations Act 2001 (Cth) Bankruptcy Act 1966 (Cth) Cases Cited: ACN 001 891 103 Pty Ltd v Reiby St Apartments Pty Ltd [2007] NSWSC 1345 Adams v Zen 28 Pty Ltd [2010] QSC 36 Adeels Palace Pty Ltd v Moubarah; Adeels Palace Pty Ltd v Najeem (No 2) [2009] NSWCA 130 Alexander v Cambridge Credit Corporation (1985) 2 NSWLR 685 Australian Beverage Distributors Pty Ltd v Cranswick Premium Wines Pty Ltd (2004) 50 ACSR 544 Barclays Australia (Finance) Ltd v Mike Gaffikin Marine Pty Ltd (1996) 21 ACSR 235 Corowa Fertilizers Pty v Rohan and Geoffrey Cranney & ors, unreported 2009/291644 CP York Holdings Pty Ltd v The Food Improvers Pty Ltd [2009] NSWSC 409 Eumina Investments Pty Ltd v Westpac Banking Corporation (1998) 84 FCR 454 HIH Casualty and General Insurance Ltd (in liq) v Building Insurers' Guarantee Corporation & Anor (2003) 202 ALR 610 Hoare Bros Pty Ltd v Deputy Commissioner of Taxation (1996) 62 FCR 302; 135 ALR 677 Jem Developments Pty Ltd v Hansen Yuncken Pty Ltd (2006) 60 ACSR 393 Lerinda Pty Ltd v Laertes Investments Pty Ltd [2009] QSC 251 Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; 53 ACSR 229 Midas Management Pty Ltd v Equator Communications Pty Ltd [2007] NSWSC 759 Miller v Cannon (in Hancock v B W Brazier (Anerley) Ltd [1966] 1 WLR 1317 Miller v Cannon Hill Estates Ltd [1931] 2 KB 113 Moutere Pty Ltd v Deputy Commissioner of Taxation [2000] NSWSC 379; (2000) 34 ACSR 533 MYT Engineering Pty Ltd v Mulcon Pty Ltd (1999) 195 CLR 636 Octavo Investments Pty Ltd v Knight (1979) 144 CLR 360 Re Softex Industries Pty Ltd [2001] QSC 377; (2001) 187 ALR 448 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd [2007] NSWSC 1143 Scope Data Systems Pty Ltd v BDO Nelson Parkhill (2003) 199 ALR 56 Sultana Investments Pty Ltd v Cellcom Pty Ltd [2009] NSWSC 392 Tatlers.com.au Pty Ltd v Davis [2006] NSWSC 1055 Topfelt Pty limited v State Bank of New South Wales Limited (1993) 12 ACSR 381 Wilden Pty Ltd v Greenco Pty Ltd (1995) 13 ACLC 1039 Wildtown Holdings Pty Ltd v Rural Traders Company Ltd [2002] WASCA 196 Category: Principal judgment Parties: Cranney Farm Pty Ltd (Plaintiff) Corowa Fertilizers Pty Ltd (Defendant) Representation: Counsel: J King (Plaintiff) M Gunning (Defendant) Solicitors: Jackson Lalic Lawyers (Plaintiff) Hargraves (Defendant) File Number(s): 10/366169