BMDI Tuta Health Care Pty Limited v CME Medical Australia Limited [2011] NSWSC 50

Supreme Court New South Wales

Medium Neutral Citation: BMDI Tuta Health Care Pty Limited v CME Medical Australia Limited [2011] NSWSC 50 Hearing dates: 15 February 2011 Decision date: 15 February 2011 Jurisdiction: Equity Division - Corporations List Before: Barrett J Decision: Amount of statutory demand reduced Catchwords: CORPORATIONS - winding up - statutory demand - whether genuine dispute as to amount of debt - debt said to arise from business sale agreement provisions for deferred purchase of stock - provisions ambiguous - intended meaning obscure - whether court should in these proceedings resolve competing contentions as to construction - parties in dispute as to correct construction - whether dispute genuine Legislation Cited: Corporations Act 2001 (Cth), s 459G, s 459H Cases Cited: BBX Holdings Ltd v American Home Assurance Co [2007] NSWSC 549 Brambles Holdings Ltd v Bathurst City Council [2001] NSWCA 61; (2001) 53 NSWLR 153 Delnorth Pty Ltd v State Bank of New South Wales (1995) 17 ACSR 379 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Spacorp Australia Pty Ltd v Myer Stores Ltd [2001] VSCA 89 Category: Principal judgment Parties: BMDI Tuta Healthcare Pty Limited - Plaintiff CME Medical Australia Limited - Defendant Representation: Counsel: Mr S Galitsky - Plaintiff Mr S Assaf - Defendant Solicitors: Websters - Plaintiff Teece Hodgson Ward - Defendant File Number(s): 2010/345983