In the matter of Vangory Holdings Pty Ltd [2015] NSWSC 546

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Vangory Holdings Pty Ltd [2015] NSWSC 546 Hearing dates: 21 and 22 April 2015 Decision date: 12 May 2015 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Application for leave under s 459S of the Corporations Act is therefore dismissed with costs. Catchwords: CORPORATIONS – winding up – winding up in insolvency – application for leave under s 459S of the Corporations Act – where company seeks to rely on dispute as to the existence of the debt the subject of a statutory demand – whether requirements for leave under s 459S are satisfied Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.4, ss 459A, 459G, 459P, 459S, 459S(1), 459S(2) - Evidence Act 1995 (NSW) ss 136 Cases Cited: - Chief Commissioner of Stamp Duties v Paliflex Pty Ltd [1999] NSWSC 15; (1999) 149 FLR 179 - DAG International Pty Ltd v DAG International Group Pty Ltd [2005] NSWSC 1036 - Ewen Stewart & Associates Pty Ltd v Blue Mountains Virtual Air Helitours Pty Ltd (No 2) [2011] NSWSC 113 - Hanson Construction Materials Pty Ltd v FEC Civil Pty Ltd [2009] NSWSC 161 - Kay Investment Holdings Pty Ltd v North East Developments Pty Ltd (in liq) [2011] NSWSC 1121; (2011) 85 ACSR 610 - Perpetual Nominees Ltd v NA Investment Holdings Pty Ltd [2011] NSWSC 282 - Perpetual Nominees Ltd v Masri Apartments Pty Ltd [2004] NSWSC 551; (2004) 49 ACSR 719 - Re Pegasus Capital Management Pty Ltd [2011] NSWSC 570 - Re Satellite Group Ltd [2000] NSWSC 984; (2000) 35 ACSR 565 - Soundwave Festival Pty Ltd v Altered State (WA) Pty Ltd (No 1) [2014] FCA 466 - Switz Pty Ltd v Glowbind Pty Ltd [2000] NSWCA 37; (2000) 48 NSWLR 661 - Timms v Dellaplus Pty Ltd [2007] SASC 236 Category: Procedural and other rulings Parties: First Debenture Limited (Plaintiff) Vangory Holdings Pty Ltd (First Defendant) Jeffrey Douglas Dawson (Second Defendant) Sharon McDonagh (Third Defendant) McDonagh Management Pty Ltd (Fourth Defendant) Representation: Counsel: R Glasson (Plaintiff/Respondent) T Orlizki (Solicitor – First Defendant/Applicant) R Goodridge (Supporting creditors – Third and Fourth Defendants) Solicitors: O'Neill Partners (Plaintiff/Respondent) Kent Attorneys (First Defendant/Applicant) Firths – The Compensation Lawyers (Supporting creditors – Third and Fourth Defendants) File Number(s): 2014/317083