In the matter of MK Group Phoenix Pty Ltd [2014] NSWSC 1467

Supreme Court New South Wales

Medium Neutral Citation: In the matter of MK Group Phoenix Pty Ltd [2014] NSWSC 1467 Hearing dates: 2 October 2014 Decision date: 24 October 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made setting aside statutory demand and that the defendant pay the plaintiff's costs of proceedings, as agreed or as assessed. Catchwords: CORPORATIONS - winding up - statutory demand - application to set aside a creditor's statutory demand under Corporations Act 2001 (Cth) ss 459H and 459J - whether there is a genuine dispute as to the existence or amount of debt - whether an offsetting claim has been established - whether debt claimed was due and payable when demand was served - whether substantial injustice will be caused unless the demand is set aside - whether there is some other reason why the demand should be set aside. Legislation Cited: - Corporations Act 2001 (Cth) ss 495H, 459H(1)(a), 459H(1)(b),459H(2), 459H(5), 459J, 459J(1)(a), 459J(1)(b) - Evidence Act 1995 (NSW) s 136 Cases Cited: - Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd [2013] NSWCA 344; (2013) 85 NSWLR 601 - CGI Information Systems & Management Consultants Pty Ltd v APRA Consulting Pty Ltd [2003] NSWSC 728; (2003) 47 ACSR 100 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - Farah Constructions Pty Ltd v Say-Dee Pty Ltd [2007] HCA 22; (2007) 230 CLR 89 - Fermiscan Pty Ltd v James [2009] NSWCA 355; (2009) 261 ALR 408 - Graywinter Properties Pty Ltd v Gas & Fuel Corp Superannuation Fund (1996) 70 FCR 452; (1996) 21 ACSR 581 - 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 - NT Resorts Pty Ltd v Deputy Commissioner of Taxation (1998) 153 ALR 359 - Panel Tech Industries v Australian Skyreach (No 2) [2003] NSWSC 896 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 132 FLR 300; 20 ACSR 746 - Re Carbon Polymers Ltd [2013] NSWSC 376 - Re Forza Plumbing Systems Pty Ltd [2013] NSWSC 1234 - Re Morris Catering (Aust) Pty Ltd (1993) 11 ACSR 601 - Re Passion Projects (allyouneedislove) Pty Ltd [2014] NSWSC 345 - Re UGL Process Solutions Pty Ltd [2012] NSWSC 1256 - Royal Premier Pty Ltd v Taleski [2001] WASCA 48 - Scanhill Pty Ltd v Century 21 Australasia Pty Ltd [1993] FCA 618; (1993) 12 ACSR 341 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd [1997] FCA 681; (1997) 76 FCR 452 - TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; (2008) 66 ACSR 67 Category: Principal judgment Parties: MK Group Phoenix Pty Ltd (Plaintiff) Tripod Funds Management Pty Ltd (Defendant) Representation: Counsel: D Neggo (Plaintiff) P Cutler (Defendant) Solicitors: Matthews Folbigg (Plaintiff) Mercantile Legal (Defendant) File Number(s): 2014/175629