Teratrust Pty Limited v Westpac Banking Corporation [2012] NSWSC 1113

Supreme Court New South Wales

Medium Neutral Citation: Teratrust Pty Limited v Westpac Banking Corporation [2012] NSWSC 1113 Hearing dates: 6 September 2012 Decision date: 18 September 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Originating Process filed 23 May 2012 dismissed. Subject to further order, Plaintiff to pay Defendant's costs of proceedings. Leave to each party to provide and serve written submissions as to costs within 7 days. Catchwords: CORPORATIONS - Winding up - Statutory demand - Application to set aside statutory demand - Genuine dispute ground - Whether it is established that there is a genuine dispute as to the debt claimed in statutory demand. Legislation Cited: - Civil Procedure Act 2005 (NSW) s 98(1) - Corporations Act 2001 (Cth) Pt 5.4, ss 9, 459H, 459H(2), 459H(4), 459H(5), 459H(1)(a), 459J, 459J(1)(a), 459J(1)(b) - Uniform Civil Procedure Rules 2005 (NSW) r 42.1 Cases Cited: - Arcade Badge Embroidery Co Pty Ltd v Deputy Commissioner of Taxation [2005] ACTCA 3; (2005) 157 ACTR 22 - Central City Pty Ltd v Montevento Holdings Pty Ltd [2011] WASCA 5 - Chadwick Industries (South Coast) Pty Ltd v Condensing Vaporisers Pty Ltd (1994) 13 ACSR 37 - Chippendale Printing Co Pty Ltd v Commissioner of Taxation (1995) 55 FCR 562 - CP York Holdings Pty Ltd v Food Improvers Pty Ltd [2009] NSWSC 409 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - John Holland Construction & Engineering Pty Ltd v Kilpatrick Green Pty Ltd (1994) 14 ACSR 250 - Howards Storage World Pty Ltd v Haviv Holdings Pty Ltd [2010] FCAFC 5; (2010) 182 FCR 84 - Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; (2005) 53 ACSR 229 - Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290; (1993) 11 ACSR 362 - Milne v Attorney-General (Tas) [1956] HCA 48; (1956) 95 CLR 460 - Oshlack v Richmond River Council [1998] HCA 11; (1998) 193 CLR 72 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 20 ACSR 746 - Ruddock v Vadarlis (No 2) [2001] FCA 1865; (2001) 115 FCR 229- Category: Principal judgment Parties: Teratrust Pty Limited (Plaintiff) Westpac Banking Corporation (Defendant) Representation: Counsel: J. Michos (sol.) (Plaintiff) B. Koch (Defendant) Solicitors: JSM Lawyers (Plaintiff) Minter Ellison (Defendant) File Number(s): 12/164221