Lock v Weatherhead [2008] NSWSC 46

Lock v Weatherhead [2008] NSWSC 46

The plaintiff established offsetting claims not frivolous or vexatious, exceeding the amount in the statutory demand, leading to the demand being set aside.

Parties
Plaintiff: Lock & Hardware Supplies Pty Limited; Defendant: Chris Weatherhead
Jurisdiction
Australia
Judgment Date
05 February 2008
Procedural Posture
Application to Set Aside Statutory Demand / Judgment
Outcome
Statutory demand set aside
Legal Topics
Statutory Demands, Offsetting Claims, S459 G Corporations Act
Corporations Law Statutory Demands Offsetting Claims S459 G Corporations Act

Case Brief

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Parties

Lock & Hardware Supplies Pty Limited

Plaintiff

Chris Weatherhead

Defendant

Procedural Posture

Application to Set Aside Statutory Demand / Judgment

Legal Issues

  1. 1 Whether offsetting claims exist sufficient to warrant setting aside a statutory demand
  2. 2 Whether the plaintiff’s offsetting claims are bona fide and not frivolous or vexatious

Ratio Decidendi

The plaintiff established offsetting claims not frivolous or vexatious, exceeding the amount in the statutory demand, leading to the demand being set aside.

Court Disposition

Statutory demand set aside

Orders

  • Statutory demand served by the defendant on the plaintiff dated 22 June 2006 is set aside.
  • Defendant to pay the plaintiff's costs.