In the matter of XSRE Pty Ltd - XSRE Pty Ltd v Lightning Electrical Group Pty Ltd [2011] NSWSC 1147

Supreme Court New South Wales

Medium Neutral Citation: In the matter of XSRE Pty Ltd - XSRE Pty Ltd v Lightning Electrical Group Pty Ltd [2011] NSWSC 1147 Hearing dates: 21 September 2011 Decision date: 23 September 2011 Jurisdiction: Equity Division - Corporations List Before: Ward J Decision: Dismiss application to set aside statutory demand with costs Catchwords: CORPORATIONS - application under ss 459G and 459H(1)(b) of the Corporations Act 2001 (Cth) for order setting aside statutory demand - whether an offsetting claim exists - HELD - no genuine offsetting claim established - application dismissed Legislation Cited: Building and Construction Industry Security of Payment Act 1999 (NSW) Corporations Act 2001 (Cth) Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: Bhagat v Global Custodians Ltd [2002] FCA 223 Broke Hills Estate Pty Ltd v Oakvale Wines Pty Ltd [2005] NSWSC 638; (2005) 23 ACLR 1266 Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 Earthwave Corporation Pty Ltd v Starcom Group Pty Ltd [2011] NSWSC 694 Edge Technology Pty Ltd v Lite-on Technology Corporation [2000] NSWSC 471; (2000) 34 ACSR 301 Elm Financial Services Pty Ltd v MacDougal [2004] NSWSC 560 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785; 12 ACLC 669 Goldspar Australia Pty Ltd v KWA Design Group Pty Ltd (1999) 17 ACLC 456 Graywinter Properties Pty Ltd v Gas & Fuel Corporation Superannuation Fund (1996) 70 FCR 452 ICM Agriculture Pty Ltd v Young [2009] FCA 109 Jesseron Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (1994) 13 ACSR 455 Jesseron Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (No 2) (1994) 122 ALR 717; 13 ACSR 787 Jones v Dunkel (1959) 101 CLR 298 Macleay Nominees Pty Ltd v Belle Property East Pty Ltd [2001] NSWSC 743 Panel Tech Industries (Australia) Pty Ltd v Australian Skyreach Equipment Pty Ltd (No 2) [2003] NSWSC 896 Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 Category: Principal judgment Parties: XSRE Pty Ltd (Plaintiff) Lightning Electrical Group Pty Ltd (Defendant) Representation: Counsel R W Evans (Plaintiff) J T Johnson (Defendant) Solicitors McKell's Solicitors (Plaintiff) JT Law (Defendant) File Number(s): 11/258010