In the matter of Drama Unit Pty Limited [2019] NSWSC 1169

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Drama Unit Pty Limited [2019] NSWSC 1169 Hearing dates: 27 August 2019 Date of orders: 06 September 2019 Decision date: 06 September 2019 Jurisdiction: Equity - Corporations List Before: Rees J Decision: 1. Dismiss the originating process filed on 21 June 2019.

2. Plaintiff to pay the defendant's costs of the proceedings. Catchwords: CORPORATIONS — Statutory demand — Application to set aside — Offsetting claim — Whether "affidavit in support of the application" — Application of "Graywinter principle" to 21-day affidavit — Affidavit made on information and belief from unnamed source — Affidavit merely annexed unsigned, unverified and unfiled Statement of Claim — Bare assertion that quantum of claim would exceed debt the subject of the demand — Affidavit falls short of statutory description in s 459G — No possibility to supplement by further evidence — Application dismissed. Legislation Cited: Corporations Act 2001 (Cth), ss 459G, 459H Evidence Act 1995 (NSW), s 75 Mining Act 1992 (NSW) Cases Cited: Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 Broke Hills Estate Pty Limited v Oakvale Wines Pty Limited (2005) 23 ACLC 1,266; [2005] NSWSC 638 David Grant & Co Pty Limited v Westpac Banking Corporation (1995) 184 CLR 265; [1995] HCA 54 Drama Unit Pty Limited v Fearndale Holdings Pty Limited (administrator appointed) [2018] NSWSC 1895 Financial Solutions Australasia Pty Ltd v Predella Pty Ltd (2002) 26 WAR 306; [2002] WASCA 51 Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd [2019] NSWCA 60 Hansmar Investments Pty Ltd v Perpetual Trustee Co Ltd (2007) 61 ACSR 321; [2007] NSWSC 103 Hopetoun Kembla Investments Pty Ltd v JPR Legal Pty Ltd (2012) 87 ACSR 1; [2011] NSWSC 1343 In the matter of Fearndale Holdings Pty Limited (2019) 19 BPR 39,393; [2019] NSWSC 645 Infratel Networks Pty Ltd v Gundry's Telco & Rigging Pty Ltd (2012) 91 ACSR 170; [2012] NSWSC 943 Infratel Networks Pty Ltd v Gundry's Telco and Rigging Pty Ltd (2012) 92 ACSR 27; [2012] NSWCA 365 MCF Group Pty Ltd v G.J.B. Legal Pty Ltd trading as Byles Anjos Lawyers [2019] NSWSC 333 POS Media Online Pty Limited v B Family Pty Limited (2003) 23 ACLC 533; [2003] NSWSC 147 Pravenkav Group Pty Limited v Diploma Construction (WA) Pty Limited (No 3) (2014) 46 WAR 483; [2014] WASCA 132 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd (2008) 214 FLR 393; [2007] NSWSC 1143 Texts Cited: Ford, Austin & Ramsay's Principles of Corporations Law (Looseleaf, LexisNexis) Category: Principal judgment Parties: Drama Unit Pty Limited (Plaintiff) Fearndale Holdings Pty Limited (administrator appointed) (Defendant) Representation: Counsel: Mr MW Sneddon (Plaintiff) Mr S Golledge (Defendant)