In the matter of International Materials & Technologies Pty Ltd [2014] NSWSC 168

Supreme Court New South Wales

Medium Neutral Citation: In the matter of International Materials & Technologies Pty Ltd [2014] NSWSC 168 Hearing dates: 12 February 2014 Decision date: 04 March 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Order made for statutory demand to be set aside with costs Catchwords: CORPORATIONS - winding up - statutory demand - application to set aside a creditor's statutory demand under Corporations Act 2001 (Cth) ss 459G and 459H - whether a genuine dispute has been established - whether a offsetting claim has been established - whether sufficient evidentiary material to allow quantum of offsetting claim to be calculated. Legislation Cited: - Conveyancing Act 1919 (NSW) s 12 - Corporations Act 2001 (Cth) ss 459G, 459H, 459H(1)(a), 459H(1)(b), 459H(2), 459H(5), 459J Cases Cited: - Akai Pty Ltd v People's Insurance Co Ltd [1996] HCA 39; (1996) 188 CLR 418 - Anning v Anning (1907) 4 CLR 1049 - Austotel Pty Ltd v Franklins Self-Serve Pty Ltd (1989) 16 NSWLR 582 - BBB Constructions Pty Ltd v Frankipile Australia Pty Ltd [2008] NSWSC 982; (2008) 61 ACSR 1 - Beauty Health Group v Sholl [2011] NSWSC 77 - Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd [2013] NSWCA 344 - CGI Information Systems & Management Consultants Pty Ltd v APRA Consulting Pty Ltd [2003] NSWSC 728; (2003) 47 ACSR 100 - Commonwealth v Verwayen [1990] HCA 39; (1990) 170 CLR 394 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - Franks v Equitiloan Securities Pty Ltd [2007] NSWSC 812 - Greenwood Manor Pty Ltd v Woodlock (1994) 48 FCR 229 - Global Partners Fund Ltd v Babcock & Brown Ltd (in liq) [2010] NSWCA 196; (2010) 79 ACSR 383 - Hardel Pty Ltd v Burrell & Family Pty Ltd [2009] SASC 77; (2009) 103 SASR 408 - Infratel Networks Pty Ltd v Gundry's Telco & Rigging Pty Ltd [2012] NSWCA 365; (2012) 92 ACSR 27 - Jesseron Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (No 2) (1994) 13 ACSR 787 - Kia Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; 66 ACSR 67 - Mibor Investments Pty Ltd v Commonwealth Bank of Australia [1994] 2 VR 290; (1993) 11 ACSR 362 - Proactive Building Solutions v Keck [2013] NSWSC 1500 - Quadrant Constructions Pty Ltd v HSBC Bank Australia Ltd [2004] FCA 111 - Re Infratel Networks Pty Ltd [2012] NSWSC 943; (2012) 91 ACSR 170 - Reinsurance Australia Corporation Ltd v Odyssey Re (Bermuda) Ltd [2000] NSWSC 1118; (2000) 36 ACSR 348 - Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 - Re UGL Process Solutions Pty Ltd [2012] NSWSC 1256 - Roadships Logistics Ltd v Tree [2007] NSWSC 1084; (2007) 64 ACSR 671 - Royal Premier Pty Ltd v Taleski [2001] WASCA 48 - Ryledar Pty Ltd v Euphoric Pty Ltd [2007] NSWCA 65 - Scanhill Pty Ltd v Century 21 Australasia Pty Ltd (1993) 47 FCR 451; 12 ACSR 341 - Silovi v Barboro (1988) 13 NSWLR 466 - SMEC International Pty Ltd v CEMS Engineering Inc [2001] NSWSC 459; (2001) 38 ACSR 595 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd [1997] FCA 681; (1997) 76 FCR 452; (1997) 24 ACSR 353 - St George Bank v Active Property Investment Pty Ltd [2010] NSWSC 736; (2010) 77 NSWLR 148 - Summer Hill Business Estate Pty Ltd v Equititrust Ltd [2010] NSWSC 776 - TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; (2008) 66 ACSR 67 - Tadrous v Tadrous [2012] NSWCA 16 - Venter v Ilona MY Ltd [2012] NSWSC 1029 - Waltons Stores (Interstate) Ltd v Maher [1988] HCA 7; (1988) 164 CLR 387 - Waterman v Gerling Australia Insurance Company Pty Ltd [2005] NSWSC 1066; (2005) 65 NSWLR 300 Texts Cited: - JG Starke, Assignments of Choses in Action in Australia (Butterworths, 1972) - Osborn's Concise Law Dictionary (7th ed Sweet & Maxwell, 1983) Category: Interlocutory applications Parties: International Materials & Technologies Pty Ltd (Plaintiff) Hougen Australia Pty Ltd (Defendant) Representation: Counsel: V Culkoff (Plaintiff) A Kaufmann (Defendant) Solicitors: Russo & Partners (Plaintiff) Kalus Kenny (Defendant) File Number(s): 2013/248542