In the matter of JF Essential Power Pty Limited [2018] NSWSC 435

Supreme Court New South Wales

Medium Neutral Citation: In the matter of JF Essential Power Pty Limited [2018] NSWSC 435 Hearing dates: 16 March 2018 Decision date: 10 April 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: The creditor's statutory demands issued by each of Link Marketing Services Pty Ltd and KFT Nominees Pty to JF Essential Power Pty Ltd are set aside. Catchwords: CORPORATIONS – winding up – application to set aside creditor's statutory demand – where there is a serious question to be tried as to whether any debt owed was due and payable on demand – whether there is a serious question as to whether alleged loan made by third party to debtor was validly assigned to issuer of statutory demand – whether creditor's statutory demand should be set aside under s 459H or s 459J of the Corporations Act 2001 (Cth) Legislation Cited: - Conveyancing Act 1919 (NSW) s 12 - Corporations Act 2001 (Cth) ss 459E, 459G, 459H, 459J - Evidence Act 1995 (NSW) s 136 Cases Cited: - Anning v Anning [1907] HCA 13; (1907) 4 CLR 1049 - Australian Beverage Distributors Pty Ltd v Redrock Co Pty Ltd [2008] NSWSC 3 - Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd [2013] NSWCA 344; (2013) 85 NSWLR 601 - Condor Asset Management Ltd v Excelsior Eastern Ltd (2005) 56 ACSR 223 - Corin v Patton [1990] HCA 12; (1990) 169 CLR 540 - Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 - First State Computing Pty Ltd v Kyling (1995) 13 ACLC 939 - Ku v Song [2007] FCA 1189; (2007) 63 ACSR 661 - MNWA Pty Ltd v Deputy Commissioner of Taxation [2016] FCAFC 154; (2016) 117 ACSR 446 - NT Resorts Pty Ltd v Deputy Commissioner of Taxation (1998) 16 ACLC 957 - Panel Tech Industries (Aust) Pty Ltd v Australian Skyreach Equipment Pty Ltd (No 2) [2003] NSWSC 896 - Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd [1996] NSWSC 199; (1996) 20 ACSR 746 - Re Bastow Civil Constructions Pty Ltd [2017] NSWSC 934 - Re Beechworth Land Estates Pty Ltd (Admin Apptd) and Griffith Estates Pty Ltd (Admin Apptd) (No 3) [2015] NSWSC 733; (2015) 298 FLR 233; (2015) 106 ACSR 495 - Re Erma Properties Pty Limited [2017] NSWSC 1748 - Re Longjing Pty Ltd [2017] NSWSC 1534 - Re MK Group Phoenix Pty Ltd [2014] NSWSC 1467 - Re Tuffrock Pty Ltd [2015] NSWSC 738 - Re UGL Process Solutions Pty Ltd [2012] NSWSC 1256 - Re Wollongong Coal Ltd [2015] NSWSC 1680; (2015) 110 ACSR 134 - Rohan Trading Co Pty Ltd v Glengor Pastoral Co Ltd [2003] NSWSC 1265 - Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd [1997] FCA 681; (1997) 76 FCR 452 - TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd [2008] VSCA 70; (2008) 66 ACSR 67 Category: Principal judgment Parties: Proceedings 2017/276032 JF Essential Power Pty Limited (Plaintiff) KFT Nominees Pty Limited (Defendant)