In the matter of Unity Resources Group Australia Pty Limited [2015] NSWSC 1174

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Unity Resources Group Australia Pty Limited [2015] NSWSC 1174 Hearing dates: 5 June 2015 Date of orders: 05 June 2015 Decision date: 05 June 2015 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Statutory demand set aside. Catchwords: CORPORATIONS – creditor's statutory demand – application to set aside statutory demand – where affidavit verifying debt executed one day before demand – requirement that affidavit speak to debt at time of demand – insufficiency of updating affidavit served after demand – irrelevance of absence of 'substantial injustice' in not setting demand aside – held, demand defective. Legislation Cited: (CTH) Corporations Act 2001, s 459E, s 459G, s 459J, pt 5.4 Cases Cited: Ambassador at Redcliffe Pty Limited v Emerald Constructions Australia Pty Limited [2006] QSC 247; [2007] 2 Qd R 199; [2006] 58 ACSR 607 Australian MacFarms Pty Limited v Dolvelle Pty Limited and Anor Matter No Ca 40379/98 [1998] NSWSC 480 Chadmar Enterprises Pty Limited v IGA Distribution Pty Limited [2005] ACTSC 39; (2005) 53 ACSR 645; (2005) 190 FLR 466 Dolvelle v Australian Macfarms Pty Limited (1998) 43 NSWLR 717; 28 ACSR 175 Kisimul Holdings Pty Limited v Clear Position Pty Limited [2014] NSWCA 262 McDermott Projects Pty Limited v Chadwell Pty Limited [2001] QSC 322; [2002] 2 Qd R 363 Metro Interactive Australasia Pty Limited v Vixen Wholesale Limited [2007] QSC 285 Technology Licensing Limited v Climit Pty Limited [2001] QSC 84; [2002] 1 Qd R 556 Wildtown Holdings Pty Limited v Rural Traders Company Limited [2002] WASCA 196; (2002) 172 FLR 35 Category: Principal judgment Parties: Unity Resources Group Australia Pty Ltd ACN 097 231 797 (plaintiff) SV Partners Advisory (NSW) Pty Ltd ACN 108 727 975 (defendant) Representation: Counsel: P Wallis (plaintiff) S Bell (defendant)