In the matter of AA Management Co Pty Limited [2019] NSWSC 1443

Supreme Court New South Wales

Medium Neutral Citation: In the matter of AA Management Co Pty Limited [2019] NSWSC 1443 Hearing dates: 13 June 2019, final submissions received 14 August 2019 Decision date: 24 October 2019 Jurisdiction: Equity - Corporations List Before: Rees J Decision: Statutory demands set aside: see [76] Catchwords: CORPORATIONS — Winding up — Statutory demand — Application to set aside demand because of genuine dispute — Dispute involving family companies — Prior proceedings settled by Deed of Settlement — Deed provided for payment of sum by sunset date to defendant from proceeds of sale of real property — "Best endeavours" clause — Property not sold — Demands served on eight family companies — Recovery proceedings simultaneously commenced against individual family members — Whether genuine dispute as to construction of Deed — Whether deed voidable or rescindable for misleading and deceptive conduct or misrepresentation — Genuine dispute made out — Demands set aside. Legislation Cited: Australian Consumer Law, ss 18, 243 Corporations Act 2001 (Cth), ss 459G, 459H, 459J Environmental Planning and Assessment Act 1979 (NSW), s 109M Environmental Planning and Assessment Amendment Act 2017 (NSW) Environmental Planning and Assessment (Savings, Transitional and Other Provisions) Regulation 2017, reg 18 Cases Cited: Britten-Norman Pty Ltd v Analysis & Technology Australia Pty Ltd (2013) 85 NSWLR 601; [2013] NSWCA 344 Creata (Aust) Pty Limited v Faull (2017) 125 ACSR 212; [2017] NSWCA 300 Cypjayne Pty Limited v Babcock & Brown International Pty Ltd (2011) 282 ALR 152; [2011] NSWCA 173 Drillsearch Energy Limited v Carling Capital Partners Pty Ltd [2009] NSWSC 1192 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Grandview Ausbuilder Pty Ltd v Budget Demolitions Pty Ltd (2019) 136 ACSR 563; [2019] NSWCA 60 Graywinter Properties Pty Ltd v Gas & Fuel Corporation Superannuation Fund (1996) 70 FCR 452; (1996) 21 ACSR 581 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 (2011) 87 ACSR 1; NSWSC 1343 In the matter of 2 Roslyn Street Pty Ltd [2011] NSWSC 512 In the matter of Acciona Infrastructure Australia Pty Limited [2019] NSWSC 1156 In the matter of Australia Zhongfu Oil Gas Resources Pty Ltd [2012] NSWSC 1208 In the matter of Elsmore Resources Ltd (2016) 114 ACSR 297; [2016] NSWSC 856 In the matter of Linton Developments (Qld) Pty Limited [2017] NSWSC 336 In the matter of Litigation Insurance Pty Limited [2017] NSWSC 334 In the matter of Spartan Sporting Goods Pty Limited [2017] NSWSC 1146 In the matter of UGL Process Solutions Pty Ltd [2012] NSWSC 1256 In the matter of Universal Property Group Pty Limited [2019] NSWSC 796 Malec Holdings Pty Ltd v Scotts Agencies Pty Ltd (in liquidation) [2015] VSCA 330 PCM Nominees v ACN 063 291 430 Pty Ltd [2017] FCA 848 Saferack Pty Ltd v Marketing Heads Australia Pty Ltd (2007) 214 FLR 393; [2007] NSWSC 1143 Taheri v Vitek (2014) 87 NSWLR 403; [2014] NSWCA 209 The MCF Group Pty Ltd v G.J.B. Legal Pty Ltd trading as Byles Anjos Lawyers [2019] NSWSC 333 TR Administration Pty Ltd v Frank Marchetti & Sons Pty Ltd (2008) 66 ACSR 67; [2008] VSCA 70 Tuta Health Care Pty Ltd v Nipro Asia Pty Ltd [2005] NSWSC 644 Category: Principal judgment Parties: AA Management Co Pty Ltd (First Plaintiff) Cabek Pty Ltd (Second Plaintiff) CG Investment Corporation Pty Ltd (Third Plaintiff) Creta Constructions Pty Ltd (Fourth Plaintiff) EA Management Co Pty Ltd (Fifth Plaintiff) GA Management Co Pty Ltd (Sixth Plaintiff) Nation-Wide Incorporated Co Pty Ltd (Seventh Plaintiff) Sebavo Investment Corporation Pty Ltd (Eighth Plaintiff)