In the matter of Universal Property Group Pty Limited [2019] NSWSC 796

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Universal Property Group Pty Limited [2019] NSWSC 796 Hearing dates: 24 June 2019 Decision date: 28 June 2019 Jurisdiction: Equity - Corporations List Before: Rees J Decision: 1. Pursuant to section 459H of the Corporations Act 2001 (Cth), the statutory demand dated 7 March 2019 served by the defendants upon the plaintiff be set aside. 2. The defendants to pay the plaintiff's costs of the proceedings. Catchwords: CORPORATIONS — Winding up — Statutory demand — Application to set aside on the basis of a genuine dispute — Demand based on fees payable under deed granting option to purchase land — Where interpretation of deed disputed — When appropriate to determine proper construction of contract on application to set aside statutory demand — Low threshold for genuine dispute — Demand set aside. Legislation Cited: Conveyancing Act 1919 (NSW), s 66ZF Corporations Act 2001 (Cth), ss 459H, 459J Cases Cited: BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 Commonwealth Bank of Australia v Barker (2014) 253 CLR 169; [2014] HCA 32 Creata (Aust) Pty Limited v Faull (2017) 125 ACSR 212; [2017] NSWCA 300 Createc Pty Ltd v Design Signs Pty Ltd (2009) 71 ACSR 602; [2009] WASCA 85 Drillsearch Energy Limited v Carling Capital Partners Pty Ltd [2009] NSWSC 1192 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Grandview Australia Pty Ltd v Budget Demolitions Pty Ltd [2019] NSWCA 60 In the matter of Litigation Insurance Pty Limited [2017] NSWSC 334 Nguyen v Taylor (1992) 27 NSWLR 48 Category: Principal judgment Parties: Universal Property Group Pty Limited (Plaintiff) Anthony Sammut (First Defendant) Emily Sammut (Second Defendant) Representation: Counsel: Mr G Babe (Plaintiff) Mr M Bennett (Defendants)