Re Johnson Ex parte Equus Financial Services Ltd Phillip Arthur Hennessy Michael Joseph Dwyer Nick Russo and Alexander Robert Mackay Macintosh [1995] FCA 715

CATCHWORDS BANKRUPTCY - application to set aside bankruptcy notices - counter-claim set-off or corss demand against all judgment creditors - must show a prima facie case - whether loss could be established - discharge of judgment debts - duty of receivers owed to shareholders and creditors - duty of receiver owed to debtor Bankruptcy Act 1966 s 40(1)(g), 41(2)(a) Corporations Law ss 432, 434

Chesson v Smith (1992) 35 FCR 594 Refd Australian Workers' Union v Bowen (1945-6) 72 CLR 575 Cons Ebert v The Union Trustee Co of Australia Ltd (1960) 104 CLR 346 Refd Gould v Vaggelas (1983) 157 CLR 215 Refd Groom v Abela (1992) 37 FCR 277 Refd Expo International Pty Ltd v Chant [1979] 2 NSWLR 820 Refd Re Excel Finance Corporation (Receiver and Manager Appointed); Worthley v Australian Securities Commission (1993) 41 FCR 346 Cons Re B Johnson & Co (Builders) Ld [1955] Ch 634 Refd Re Anthony James Johnson and Re Francis Edward Johnson Ex parte Equus Financial Services Ltd Phillip Arthur Hennessy Michael Joseph Dwyer Nick Russo and Alexander Robert Mackay Macintosh No BN 99 of 1995 and No BN 132 of 1995 and No BN 683 of 1995 and No BN 684 of 1995 and No BN 686 of 1995 and No BN 686A of 1995 Kiefel J Brisbane 7 September 1995

IN THE FEDERAL COURT OF AUSTRALIA GENERAL DIVISION BANKRUPTCY DISTRICT OF THE STATE OF QUEENSLAND No. BN 99 of 1995 No BN 132 of 1995 No BN 683 of 1995 No. BN 684 of 1995 No BN 686 of 1995 No BN 686A of 1995 RE: ANTHONY JAMES JOHNSON AND RE: FRANCIS EDWARD JOHNSON Judgment Debtors/Applicants EX PARTE: EQUUS FINANCIAL SERVICES LTD PHILLIP ARTHUR HENNESSY MICHAEL JOSEPH DWYER NICK RUSSO AND ALEXANDER ROBERT MACKAY MACINTOSH Judgment Creditors/Respondents JUDGE MAKING ORDER: Kiefel J. DATE OF ORDER: 7 September 1995 WHERE MADE: Brisbane MINUTES OF ORDERS THE COURT ORDERS THAT: 1. The applications numbered BN 686 and BN 686A of 1995 be dismissed.