Filaria Pty Limited v Carlisle & Ors

[2004] ACTSC 95

Supreme Court of the ACT

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Interrogate

Catchwords

1. Corporations
2. › Statutory demand
3. › Application to set aside
4. › Some other reason
5. › Whether solvency constitutes 'some other reason'
6. › Whether unquantified offsetting claims constitute 'some other reason'
7. › Corporations Act 2001 (Cth), ss 459E, 459H, 459J
1. Corporations
2. › Statutory demand
3. › Application to set aside
4. › Procedural requirements
5. › Whether single application may deal with multiple demands from different creditors
6. › Corporations Act 2001 (Cth), s 459G

Quick Take

A single application to set aside multiple statutory demands served by different creditors is impermissible under s 459G of the Corporations Act 2001; each demand must be the subject of a separate application. Establishing solvency does not constitute 'some other reason' under s 459J for setting aside a statutory demand.