In the matter of Australia Seiwa Pty Limited and In the matter of Seiwa Australia Pty Limited [2012] NSWSC 1334

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Australia Seiwa Pty Limited and In the matter of Seiwa Australia Pty Limited [2012] NSWSC 1334 Hearing dates: 15 October 2012 Decision date: 02 November 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Proceedings dismissed with costs. Catchwords: CORPORATIONS - Winding up - Statutory demand - Application to set aside statutory demand - Whether statutory demand defective by reason of only one of two joint creditors having signed statutory demand - Whether statutory demand signed "by or on behalf of the creditor" - Some other reason to set aside statutory demand - Whether in circumstances where debt the subject of statutory demand is owed to joint creditors those creditors must jointly serve the statutory demand. Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.4, ss 459E(1), 459E(2)(f), 459G, 459J, 459J(1)(a), 459J(1)(b) - Partnership Act 1892 (NSW) ss 5, 20(1) Cases Cited: - 115 Constitution Road Pty Ltd v Downey [2008] NSWSC 997; (2008) 26 ACLC 1207 - Australian Workers' Union v Bowen [1946] HCA 24; (1946) 72 CLR 575 - Bentham Management Pty Ltd v Union Finance Pty Ltd [2007] SASC 42 - CP York Holdings Pty Ltd v Food Improvers Pty Ltd [2009] NSWSC 409 - Dennis Hanger Pty Ltd v Kanambra Pty Ltd (1992) 34 FCR 242; 106 ALR 544 - Hawkins Construction (Australia) Pty Ltd v Mac's Industrial Pipework Pty Ltd [2002] NSWCA 136 - Hoare Bros Pty Ltd v Deputy Commissioner of Taxation (1996) 62 FCR 302; 135 ALR 677; 19 ACSR 125; 14 ACLC 394 - Manzo v 555/255 Pitt Street Pty Ltd (1990) 21 NSWLR 1 - Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; (2005) 53 ACSR 229 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 132 FLR 300; 200 ACSR 746; 14 ACLC 1095 - Randall Pty Ltd v Chepan Pty Ltd [2009] NSWSC 783 Texts Cited: - F Assaf, Statutory Demands and Winding Up in Insolvency, 2nd ed, LexisNexis Butterworths, 2012 Category: Principal judgment Parties: 2012/270084 Australia Seiwa Pty Limited (Plaintiff) Malcolm James Beard (First Defendant) Gregory Charles Ralph (Second Defendant) 2012/270091 Seiwa Australia Pty Limited (Plaintiff) Malcolm James Beard (First Defendant) Gregory Charles Ralph (Second Defendant) Representation: Counsel: M.W. Young SC (Plaintiff) S.E. Gray (Defendants) Solicitors: Dixon Holmes du Pont (Plaintiffs) G. Cleary (Defendants) File Number(s): 12/270084 12/270091