In the matter of A.C.E.S. Sogutlu Holdings Pty Ltd A.C.N. 122 192 509 [2014] NSWSC 140

Supreme Court New South Wales

Medium Neutral Citation: In the matter of A.C.E.S. Sogutlu Holdings Pty Ltd A.C.N. 122 192 509 [2014] NSWSC 140 Hearing dates: 25 February 2014 Decision date: 25 February 2014 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Originating process dismissed with costs Catchwords: CORPORATIONS - winding up - winding up in insolvency - application to set aside two statutory demands - where the judgment debt on which each demand was founded was the subject of a pending appeal - the Court will at least ordinarily require either that a stay have been granted, or that the moneys be paid into Court pending the outcome of the appeal - originating process dismissed Legislation Cited: Corporations Act 2001, s 459G, s 459J Uniform Civil Procedure Rules r 7.1(2), r 7.1(3) Cases Cited: Barclays Australia (Finance) Limited v Mike Gaffikin Marine Pty Limited (1996) 21 ACSR 235 Commonwealth Bank of Australia v ACES Sogutlu Holdings Pty Ltd and Ors [2013] NSWSC 1184 Cranney Farm Pty Limited v Corowa Fertilizers Pty Limited [2011] NSWSC 9 Indigo Financial Money Pty Limited v Moustrides & Moustrides [2010] SASC 355 Meehan v Glazier Holdings Pty Limited [2005] NSWCA 24; (2005) 53 ACSR 229 Midas Management Pty Limited v Equator Communications Pty Limited [2007] NSWSC 759 Sajepe Pty Limited v Lawler (2000) 18 ACLC 457; [2000] NSWSC 262 Timberland Property Holdings Pty Limited v Schindler Lifts Australia Pty Limited [2011] NSWSC 466 Category: Principal judgment Parties: A.C.E.S. Sogutlu Holdings Pty Ltd A.C.N. 122 192 509 (first plaintiff) Ceyser Pty Ltd A.C.N. 082 916 078 (second plaintiff) Commonwealth Bank of Australia A.C.N. 123 123 124 (defendant) Representation: Counsel: J Charara (in person) (plaintiffs) D Villa (defendant) Solicitors: Gadens Lawyers (defendant) File Number(s): 2013/337734