In the matter of Modern Wholesale Jewellery Pty Ltd; In the matter of Global Austral Pty Ltd; In the matter of Modern Wholesale Jewellery Pty Ltd [2017] NSWSC 236

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Modern Wholesale Jewellery Pty Ltd; In the matter of Global Austral Pty Ltd; In the matter of Modern Wholesale Jewellery Pty Ltd [2017] NSWSC 236 Hearing dates: 2, 9 and 22 February 2017 Decision date: 14 March 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order in each proceeding that that the Creditor's Statutory Demand be set aside and that the Defendant pay the costs of the proceeding on an indemnity basis, as agreed or as assessed. Catchwords: CORPORATIONS – Winding up – Application to set aside creditor's statutory demands under Corporations Act 2001 (Cth) s 459G – where debts identified in demands are the subject of District Court proceedings brought by the Defendant – where there is inconsistent evidence as to the terms of any agreements giving rise to the alleged debts – where there is a dispute as to whether the Defendant charged, and was permitted to charge, for legal, conveyancing, tax or credit services – whether a genuine dispute is established – whether the statutory demands should be set aside for some other reason. Legislation Cited: - Corporations Act 2001 (Cth), ss 459H, 459J - Legal Profession Uniform Law (NSW) Cases Cited: - Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd [2013] NSWCA 344; (2013) 85 NSWLR 601 - Commonwealth Bank of Australia v Garuda Aviation Pty Ltd [2013] WASCA 61; (2013) 45 WAR 92; 93 ACSR 168 - CGI Information Systems and Management Consultants Pty Ltd v APRA Consulting Pty Ltd [2003] NSWSC 728; (2003) 45 WAR 92; 47 ACSR 100 - CVC Investments Pty Ltd v P&T Aviation Pty Ltd (1989) 18 NSWLR 295 - David Grant & Co Pty Ltd v Westpac Banking Corp [1995] HCA 43; (1995) 184 CLR 265 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - First State Computing Pty Ltd v Kyling (1995) 13 ACLC 939 - Infratel Networks Pty Ltd v Gundry's Telco & Rigging Pty Ltd [2012] NSWCA 365; (2012) 92 ACSR 2 - James Estate Wines Pty Ltd v Winelink (Australia) Pty Ltd [2003] NSWSC 744; (2003) 47 ACSR 72 - King Furniture Australia Pty Ltd v Higgs [2011] NSWSC 375 - Ligon 158 Pty Ltd v Huber [2016] NSWCA 330 - Mala Pty Ltd v Johnston (1994) 13 ACLC 100 - Meehan v Glazier Holdings Pty Ltd [2005] NSWCA 24; (2005) 53 ACSR 229 - Murphy v Teakbridge Pty Ltd [1999] NSWSC 1231 - Perlake Pty Ltd v Finance & Mortgage Corp (NSW) Pty Ltd (1996) 15 ACLC 76 - Portfolio Projects Pty Ltd v Oakes Building Co Pty Ltd (1987) 5 ACLC 911 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd [1996] NSWSC 199; (1996) 20 ACSR 746 - Professional Advantage Pty Ltd v Australian Broadcasting Commission [2007] NSWSC 607 - R2M Pty Ltd v Gourlay [2011] FCA 168 - Re Diveva Pty Limited [2015] NSWSC 509 - Re Scahill & Co Pty Ltd [2016] NSWSC 712 - Re Suters Holdings Pty Ltd [2012] NSWSC 1051 - Re Tetbury Pty Ltd [2017] NSWSC 37 - Re UGL Process Solutions Pty Ltd [2012] NSWSC 1256 - Re Wollongong Coal Ltd [2015] NSWSC 1680; (2015) 110 ACSR 134 - Re Zarzar Pty Ltd [2017] NSWSC 93 - Roy Morgan Research Centre Pty Ltd v Wilson Market Research Pty Ltd (1996) 39 NSWLR 311; 20 ACSR 108, - Soudan Lane Pty Ltd v Glen Bradshaw t/as Pacific Coast Digital [2007] NSWSC 772 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd [1997] FCA 681; (1997) 76 FCR 452 - Timberland Property Holdings Pty Ltd v Schindler Lifts Australia Pty Ltd [2011] NSWSC 466 - Wildtown Holdings Pty Ltd v Rural Traders Co Ltd [2002] WASCA 196; (2002) 172 FLR 35 Category: Principal judgment Parties: 2016/280393 Modern Wholesale Jewellery Pty Ltd (Plaintiff) Wyse & Young International Pty Ltd (Defendant) 2016/280408 Global Austral Pty Ltd (Plaintiff) Wyse & Young International Pty Ltd (Defendant) 2016/296755 Modern Wholesale Jewellery Pty Ltd (Plaintiff) Wyse & Young International Pty Ltd (Defendant) Representation: Counsel: W Soon (Plaintiff – in each matter)