FAL Healthy Beverages Pty Limited v Manly Warringah Sea Eagles Limited [2016] NSWSC 1058

Supreme Court New South Wales

Medium Neutral Citation: FAL Healthy Beverages Pty Limited v Manly Warringah Sea Eagles Limited [2016] NSWSC 1058 Hearing dates: 27 July 2016 Date of orders: 03 August 2016 Decision date: 03 August 2016 Jurisdiction: Equity Before: Barrett AJA Decision: 1. Order that the statutory demand dated 30 March 2016 served on the plaintiff by the defendant be set aside. 2. Order that the defendant pay the plaintiff's costs of the proceedings. Catchwords: CORPORATIONS – winding up – statutory demand – application for order setting aside – whether genuine dispute about existence of debt – CORPORATIONS – statutory indoor management rule – entitlement to make certain assumptions in relation to dealings with company – disentitlement in case of suspicion that assumptions not correct. Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) Corporations Act 2001 (Cth) Cases Cited: Correa v Whittingham [2013] NSWCA 263; 278 FLR 310 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Queensland Bacon Pty Ltd v Rees [1966] HCA 21; (1966) 115 CLR 266 Spacorp Australia Pty Ltd v Myer Stores Ltd [2001] VSCA 89; 19 ACLC 1270 Category: Principal judgment Parties: FAL Healthy Beverages Pty Limited (P) Manly Warringah Sea Eagles Limited (D) Representation: Counsel: Mr MLD Einfeld QC & Mr T Buterin (P) Mr DAC Robertson (D)

Solicitors: Colin W Love & Company Lawyers (P) Unsworth Legal Pty Limited (D) File Number(s): 2016/121400 Publication restriction: Nil