A judgment debt for the purposes of s 459E(3) of the Corporations Law exists from the date judgment is pronounced, not from the date of formal entry, so no accompanying affidavit is required for a statutory demand based on a pronounced but unentered judgment. An offsetting claim may be raised in statutory demand proceedings even where the counterclaim could not prevent summary judgment due to contractual terms requiring payment notwithstanding disputes. However, bald assertions and speculative estimates are insufficient to establish a quantifiable offsetting total under s 459H(2).
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