In the matter of Pioneer Cryogenics Pty Ltd [2015] NSWSC 1202

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Pioneer Cryogenics Pty Ltd [2015] NSWSC 1202 Hearing dates: 25 June 2015 Decision date: 25 June 2015 Jurisdiction: Equity - Corporations List Before: Black J Decision: Leave granted under Corporations Act 2001 (Cth) s 459S to rely on claim that genuine dispute between Defendant and Plaintiff. Costs reserved. Catchwords: CORPORATIONS – winding up – application for leave under Corporations Act 2001 (Cth) s 459S – whether sufficient explanation for not raising ground of opposition

CORPORATIONS – winding up – application for leave under Corporations Act 2001 (Cth) s 459S – whether the ground relied on by the company in leave application is material to proving solvency Legislation Cited: - Corporations Act 2001 (Cth) pt 5.4, ss 459G, 459H, 459P, 459Q, 459S, 459S(1), 459S(2) - Evidence Act 1995 (NSW) s 136 Cases Cited: - Britten Norman Pty Ltd v Analysis and Technology Australia Pty Ltd [2013] NSWCA 344; (NSW 2013) 85 NSWLR 601 - DAG International Pty Ltd v DAG International Group [2005] NSWSC 1036 - Hanson Construction Materials Pty Limited v FEC Civil Pty Limited [2009] NSWSC 161 - Re Vangory Holdings Pty Ltd [2015] NSWSC 546 - Soundwave Festival Pty Ltd v Altered State (WA) Pty Ltd [2014] FCA 466 - Switz Pty Ltd v Glowbind Pty Ltd [2000] NSWCA 37; (2000) 48 NSWLR 661 Category: Principal judgment Parties: Cryeng (Thailand) Co. Ltd (Plaintiff) Pioneer Cryogenics Pty Ltd (Defendant) Representation: Counsel: D Hughes (Plaintiff) D Cook (Defendant)