In the matter of Megaward Pty Limited [2018] NSWSC 444

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Megaward Pty Limited [2018] NSWSC 444 Hearing dates: 15 March 2018 Date of orders: 16 March 2018 Decision date: 16 March 2018 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Originating process dismissed with costs Catchwords: CORPORATIONS — Winding up — Statutory demand — Failure to comply with statutory demand – Winding up – Where the Court must presume the company is insolvent unless the contrary is proved – held company not insolvent Legislation Cited: (CTH) Corporations Act ss 95A, 459C (NSW) Uniform Civil Procedure Rules 2005 r 20.26, 42.20 Cases Cited: ASIC v Plymin (No 1) Pty Ltd (2003) 46 ACSR 126 Australia wide Airlines v Aspirion Pty Limited [2006] NSWCA 365 Bell Group Limited v Westpac (No 9) (2008) 70 ACSR 1 Commissioner of Taxation (2001) 53 NSWLR 213; 39 ACSR 305; [2001] NSWSC 621 Deputy Commissioner of Taxation v De Simone Pty Limited [2017] FCA 548 Emanouel v Cube Footwear Pty Ltd (2013) 2 Qd R 501; (2012) 92 ACSR 218 ET Petroleum Pty Limited v Clarenden Pty Limited [2008] NSWSC 590 Lavercombe v Auscott Limited (2006) 58 ACSR 586 Deputy Commissioner of Taxation v De De Simone Consulting Pty Limited [2007] FCA 548 Lewis v Doran (2005) ACSR 410; [2005] NSWCA 243 Rhodium Australia Pty Limited v Deputy Commissioner of Taxation [2011] FCA 988 Sandell v Porter (1966) 115 CLR 666 Southern Cross Interiors Pty Limited v Deputy Commissioner of Taxation (2001) 53 NSWLR 213; 39 ACSR 305 Category: Principal judgment Parties: Zongqing Xu (Plaintiff) Megaward Pty Ltd CAN 143 282 722 (Defendant) Representation: Counsel: Mr S Burchett (Plaintiff) Mr W R Chan (Defendant)