20 Apr 2016
2687b458-0523-4abd-86e3-8bc87a325fbd.pdf
- Citation
- openlaw-34f28537_e2bc_473a_ac1a_159859dca559.pdf
- Court
- High Court
The court held that, after accepting a single accounting adjustment, the undisputed amount of Coghlan's shareholder current account was $211,252; Coghlan retained standing to enforce that debt because there was no evidence of assignment or notice; he validly called up the advances and served a statutory demand; Coastal Scaffolding failed to establish a substantial dispute or other grounds under s 290 to set the demand aside; accordingly the statutory demand was set aside except as to $211,252 and the company was ordered to pay that sum within the time ordered, with no costs awarded due to imp…