Coates Hire Operations Pty Limited v D-Link Homes Pty Limited [2011] NSWSC 1279

Supreme Court New South Wales

Medium Neutral Citation: Coates Hire Operations Pty Limited v D-Link Homes Pty Limited [2011] NSWSC 1279 Hearing dates: 3, 31 August 2011 Decision date: 31 October 2011 Jurisdiction: Equity Division - Corporations List Before: White J Decision: Refer to paragraph [83] of judgment. Catchwords: CORPORATIONS - insolvency - winding up in insolvency - whether statutory demand served on the defendant - presumption statutory demand was delivered in ordinary course of post not rebutted - presumption of insolvency arises

CORPORATIONS - insolvency - application for winding up in insolvency - where presumption of insolvency arises - whether company has adduced "fullest and best" evidence to rebut presumption of insolvency - what "fullest and best" evidence requires

CORPORATIONS - insolvency - application for winding up in insolvency - where presumption of insolvency arises - whether company is insolvent because it would not be able to pay debt owed to a director if he were to call for its payment where no intention to make such a call - company not insolvent as a matter of commercial reality Legislation Cited: Evidence Act 1995 Corporations Act 2001 (Cth) Fringe Benefits Tax Assessment Act 1986 (Cth) Cases Cited: Switz Pty Ltd v Glowbind Pty Ltd [2000] NSWCA 37; (2000) 48 NSWLR 661 Expile Pty Ltd v Jabbs Excavations Pty Ltd [2003] NSWCA 163; (2003) 21 ACLC 1354; (2003) 45 ACSR 711 Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 Commonwealth Bank of Australia v Begonia (1993) 11 ACLC 1075 Leslie v Howship Holdings Pty Ltd (1997) 15 ACLC 459 Jones v Dunkel (1959) 101 CLR 298 Australian Securities and Investments Commission [2009] NSWCA 424; (2009) 76 ACSR 369; (2009) 264 ALR 723 Bank of Australasia v Hall [1907] HCA 78; (1907) 4 CLR 1514 Lewis (as liquidator of Doran Constructions Pty Ltd (in liq)) v Doran [2005] NSWCA 243; (2005) 219 ALR 555; (2005) 54 ACSR 410; (2005) 23 ACLC 1666 Brooks v Heritage Hotel Adelaide Pty Ltd (1996) 20 ACSR 61 Re Kolback Group Ltd (1991) 4 ACSR 165 Lewis v Doran [2004] NSWSC 608; (2004) 22 ACLC 1009 Re Kerisbeck Pty Ltd (1992) 10 ACLC 619 Totterdell v Nicol-Bermeister (1995) 13 ACLC 1521 Lewis v Doran [2005] NSWCA 243 Australian Securities and Investments Commission v Edwards [2005] NSWSC 831; (2005) 54 ACSR 583 In the matter of the Redhead Coal Mining Company Limited (1892) 3 BC (NSW) 50 Texts Cited: Bullen & Leake, Precedents of Pleadings, 3rd ed (1868) Category: Principal judgment Parties: Coates Hire Operations Pty Limited (Plaintiff) D-Link Homes Pty Ltd (Defendant) Representation: C P Locke (Plaintiff) C D Coulsen (Defendant) Oliveri Lawyers (Plaintiff) Michael Cooper Lawyers (Defendant) File Number(s): 2011/152885