In the matter of Statewide Developments Realty Pty Ltd [2016] NSWSC 154

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Statewide Developments Realty Pty Ltd [2016] NSWSC 154 Hearing dates: 16 February 2016 Decision date: 01 March 2016 Jurisdiction: Equity - Corporations List Before: Black J Decision: Application to set aside creditor's statutory demand dismissed with costs. Catchwords: CORPORATIONS — Winding up — Application to set aside creditor's statutory demand under ss 459H and 459J of the Corporations Act 2001 (Cth) – where Plaintiff alleged offsetting claim against only some of the joint creditors – whether offsetting claim must be available against all joint creditors that served demand – whether Court should determine questions of construction of contract in application to set aside demand – whether there is some other reason demand should be set aside. Legislation Cited: - Corporations Act 2001 (Cth), ss 459G, 459H, 459J, Pt 5.4 - Limitation Act 1969 (NSW) - Strata Schemes Management Act 1996 (NSW), s 40A, 40B, 238 - Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: - 2 Elizabeth Bay Road Pty Ltd v The Owners – Strata Plan No 73943 [2014] NSWCA 409; (2014) 88 NSWLR 488 - Alcan (NT) Alumina Pty Ltd v Commissioner of Territory Revenue [2009] HCA 41; (2009) 239 CLR 27 - Australian Securities Commission v Marlborough Gold Mines Ltd [1993] HCA 15; (1993) 177 CLR 485 - Australian Workers' Union v Bowen [1946] HCA 24; (1946) 72 CLR 575 - Britten-Norman Pty Ltd v Analysis and Technology Australia Pty Ltd [2013] NSWCA 344; (2013) 85 NSWLR 601 - Farah Constructions Pty Ltd v Say-Dee Pty Ltd [2007] HCA 22; (2007) 230 CLR 89 - Federal Commissioner of Taxation v Consolidated Media Holdings Ltd [2012] HCA 55; (2012) 250 CLR 503 - Idoport Pty Ltd v National Australia Bank Ltd [2006] NSWCA 202 - In2Ply Pty Ltd v Amerind Pty Ltd (in liq) (recs and mgrs apptd) [2014] VSC 603 - Infratel Networks Pty Ltd v Gundry's Telco and Rigging Pty Ltd [2012] NSWCA 365; (2012) 297 ALR 372 - Macleay Nominees v Belle Property East Pty Ltd [2001] NSWSC 743 - Maniotis v Valimi Pty Ltd [2002] VSCA 91; (2002) 4 VR 386 - Property Builders Pty Ltd v Carlamax Properties Pty Ltd [2011] NSWSC 1068; 85 ACSR 595 - Randall Pty Ltd v Chepan Pty Ltd [2009] NSWSC 783; (2009) ACSR 267 - Re Hopetoun Kembla Investments Pty Ltd [2011] NSWSC 1343; (2011) 286 ALR 768 - Re Infratel Networks Pty Ltd [2012] NSWSC 943 - Re Morris Catering (Australia) Pty Ltd (1993) 11 ACSR 601 - Re PPK Group Ltd [2015] NSWSC 1498 - Re Wollongong Coal Ltd [2015] NSWSC 1680 - Rogers v The Queen [1994] HCA 42; (1994) 181 CLR 251 - Scanhill Pty Ltd v Century 21 Australasia Pty Ltd [1993] FCA 618; (1993) 12 ACSR 341 - Seaham Air Pty Ltd v Australian Aerospace Ltd [2006] NSWSC 1241 - Statewide Developments Realty Pty Ltd v The Owners Corporation SP 77457 [2013] NSWSC 1750 - Statewide Developments Realty Pty Ltd v The Owners Corporation SP77457 [2014] NSWSC 330 - Toorallie v Black [2001] NSWSC 1088 Texts Cited: - M Leeming, "Farah and its progeny: comity among intermediate appellate courts" (2015) 12 TJR 165 Category: Principal judgment Parties: Statewide Developments Realty Pty Ltd (Plaintiff) The Owners - Strata Plan No 77457 (First Defendant) and 41 others (Second to Forty-Second Defendants) Representation: Counsel: V Bedrossian (Plaintiff) J Baird (Defendants)