In the matter of Integrated Growth Solutions Pty Ltd [2017] NSWSC 368

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Integrated Growth Solutions Pty Ltd [2017] NSWSC 368 Hearing dates: 5 April 2017 Decision date: 10 April 2017 Before: Gleeson JA Decision: (1) Order that the statutory demand dated 16 August 2016 served by the plaintiff on the defendant be set aside. (2) Order that the defendant pay the plaintiff's costs of the proceedings. (3) If any party seeks a different order as to costs, grant leave to approach the Associate to Gleeson JA within 7 days to fix a time and date for an oral hearing of any application to vary the costs order. Catchwords: CORPORATIONS – statutory demand – application to set aside statutory demand – where application based on existence of set-off agreement or offsetting claim – whether plausible contention worthy of investigation – whether genuine dispute established. Legislation Cited: Corporations Act 2001 (Cth), ss 459G, 459H(1)(a), 459H(1)(b), 459J(1)(b), 597 Uniform Civil Procedure Rules 2005 (NSW), r 42.1 Cases Cited: Britten-Norman Pty Ltd v Analysis and Technology Australia Pty Ltd [2013] 85 NSWLR 601; [2013] NSWCA 344 Federal Commissioner of Taxation v Steeves Agnew and Co (Victoria) Pty Ltd (1951) 82 CLR 408 Ligon 158 Pty Ltd v Huber [2016] NSWCA 330 Malec Holdings Pty Ltd v Scotts Agencies Pty Ltd [2015] VSCA 330 Mead v Watson; Re Network Welding Pty Limited (in liq) (No.2) [2001] NSWSC 809 Re application of Keith Bray Pty Ltd (1991) 23 NSWLR 430 Re Beddoe [1893] 1 Ch 547 Re Condor Blanco Mines Ltd (No 2) [2016] NSWSC 1304 Re Wollongong Coal Ltd (2015) 110 ACSR 134; [2015] NSWSC 1680 Silvia v Brodyn 25 ACLC 385; [2007] NSWCA 55 Spacorp Australia Pty Ltd v Myer Stores Ltd (2001) 19 ACLC 1270; [2001] VSCA 89 Spargo's Case (1873) LR 8 Ch 407 Category: Principal judgment Parties: Integrated Growth Solutions Pty Limited (Plaintiff) Total Hoarding Supplies Pty Ltd (in liq) (Defendant) Representation: Counsel: Mr G McDonald (Plaintiff) Mr M Condon SC / Mr P Sharp (Defendant)