Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Low v Barnet (Trustee) [2017] FCAFC 60 Appeal from: Low v Barnet (Trustee); In the Matter of Mathai [2015] FCA 1386 Low v Barnet (Trustee); In the Matter of Mathai (No 2) [2016] FCA 736
File number: NSD 1133 of 2016
Judges: FLICK, JAGOT AND GLEESON JJ
Date of judgment: 13 April 2017
Catchwords: BANKRUPTCY – the making of an order as to distribution of property between creditors – the payment of a "risk premium" to creditor in funding litigation – discretionary power confined to cases where there are competing creditors PRACTICE AND PROCEDURE – leave to intervene – leave granted to former bankrupt to intervene CONSTITUTIONAL LAW – a law with respect to bankruptcy and insolvency
Legislation: Constitution s 51(xvii) Bankruptcy Act 1924 (Cth) s 84(2) Bankruptcy Act 1996 (Cth) ss 91, 107, 108, 109, 109(10), 120, 121, 153, 154 Corporations Act 2001 (Cth) ss 556, 559, 564 Federal Court Rules 2011 (Cth) r 9.12 Bankruptcy Acts Amendment Act 1896 (NSW) s 10
Cases cited: Alcan (NT) Alumina Pty Ltd v Commissioner of Territory Revenue (NT) [2009] HCA 41, (2009) 239 CLR 27 ATCO Controls Pty Ltd (In Liquidation) v Stewart [2013] VSCA 132 Australia and New Zealand Banking Group Ltd v TJF EBC Pty Ltd [2006] NSWSC 25, (2006) 224 ALR 490 Cannane v J Cannane Pty Ltd (In Liquidation) [1998] HCA 26, (1998) 192 CLR 557 Deputy Commissioner of Taxation v Vintage Gold Investments Pty Ltd (In Liquidation) [2009] FCA 967, (2009) 27 ACLC 1393 Green v CGU Insurance Ltd [2008] NSWCA 148, (2008) 67 ACSR 105 House v The King (1936) 55 CLR 499 Jarbin Pty Ltd v Clutha Ltd (in liq) [2004] NSWSC 28, (2004) 180 FLR 393 Low v Barnet (Trustee); In the matter of Mathai [2015] FCA 1386 Low v Barnet (Trustee); In the matter of Mathai (No 2) [2016] FCA 736 Mills v Meeking (1990) 169 CLR 214 Moore-McQuillan v Scott [2006] FCA 63, (2006) 149 FCR 486 Official Trustee in Bankruptcy v Mitchell (1992) 38 FCR 364 Official Trustee in Bankruptcy v Pastro [2004] FCA 713, (2004) 2 ABC(NS) 257 Re Allied Glass Manufacturers Ltd (1936) 36 SR (NSW) 409 Re Bavistock (1946) 14 ABC 30 Re Cartco Pty Ltd (1994) 14 ACSR 357 Re Clarke; Ex parte Deputy Commissioner of Taxation (1981) 51 FLR 220 Re Geoghegan; Ex parte Official Assignee (1897) 18 LR (NSW) B & P 47 Re Glenisia Investments Pty Ltd (In Liquidation) (1996) 14 ACLC 237 Re Home Corp Projects [2002] NSWSC 879, (2002) 20 ACLC 1751 Re Ivermee; Ex parte Official Receiver (1974) 36 FLR 187 Re Lance; Ex parte The Official Assignee (1900) 21 LR (NSW) B & P 29; 17 WN (NSW) 201 Re Manson; Ex parte Official Assignee (1897) 18 LR (NSW) B & P 38 Re McMaster; Ex parte McMaster (1991) 33 FCR 70 Re Passmore; Ex parte Official Receiver in Bankruptcy (1984) 56 ALR 181 Re Ried (1946) 13 ABC 287 Re the Estate of Lawrence Robert Connell (Deceased) [2001] FCA 51 Roadshow Films Pty Ltd v iiNet Ltd [2011] HCA 54, (2011) 248 CLR 37 State Bank of New South Wales v Brown [2001] NSWCA 223, (2001) 38 ACSR 715 Storey v Lane (1981) 147 CLR 549 Woodgate, in the Matter of Eaton (a Bankrupt) [2010] FCA 550, (2010) 8 ABC(NS) 65
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