Johnstone, Raymond Marshall v Guss, Joseph [1998] FCA 1658

FEDERAL COURT OF AUSTRALIA BANKRUPTCY – petition and sequestration -whether adjournment pending special leave application should be granted – whether adjournment pending determination of other proceeding should be granted – whether terms of settlement are on foot – whether there has been a compromise of debt – whether debt arising from taxed costs order subject to review is a liquidated sum – whether it is proper to substitute supporting creditor as petitioner. Bankruptcy Act 1966 (Cth) s 43(1), s 44(1), s 49, s 51(1), s 52(2)(b), s 122 Transfer of Land Act 1958 (Vic) s 77(1) Gowans, The Victorian Bar, professional conduct, practice and etiquette (Sydney 1979) Re Chu; Ex parte RSL Permanent Building Society Ltd (1976) 15 ALR 173 followed Daly v Watson (1994) 50 FCR 544 followed Raymond Marshall Johnstone v Joseph Guss (unreported, Finn J, 13 February 1998) followed Joseph Guss v Raymond Johnstone (unreported, Full Court of the Federal Court of Australia, 13 November 1997) followed Lipov v Alexander Fraser & Son Ltd (1978) 36 FLR 126 referred Ahern v Deputy Commissioner of Taxation (Qld) (1987) 76 ALR 137 referred Adamopoulos v Olympic Airways SA (1990) 95 ALR 525 referred S Hoffnung & Co Ltd v Hesky [1977] 2 NSWLR 669 referred Tomlin v Standard Telephones & Cables Ltd [1969] 1 WLR 1378 followed Pitts v Adney (1961) 78 WN (NSW) 886 followed Quad Consulting Pty Ltd v David R Bleakley& Associates Pty Ltd (1991) 27 FCR 86 followed Aurel Forras Pty Ltd v Graham Karp Developments Pty Ltd [1975] VR 202 referred Codelfa Construction Pty Ltd v State Rail Authority of New South Wales (1982) 149 CLR 337 referred Foran v Wight (1989) 168 CLR 385 followed Jones v Barkley (1781) 2 Dougl 684; 99 ER 434 followed Ripley v M'Clure (1849) 4 Ex 345; 154 ER 1245 followed Peter Turnbull & Co Pty Ltd v Mundus Trading Co (Australasia) Pty Ltd (1954) 90 CLR 235 followed Goodinson v Goodinson [1954] 2 QB 118 referred Re Hart; Ex parte Green [1912] 3 KB 6 followed Re Carter and Kenderdine's Contract [1897] 1 Ch 776 followed The Commonwealth of Australia v Verwayen (1990) 170 CLR 394 referred McNamara v Langford (1931) 45 CLR 267 followed Re Amos; Ex parte Australian Factors (Queensland) Ltd (1965) 7 FLR 68 followed Dean v QUF Industries Ltd (1981) 51 FLR 317 followed Re Hughes; Ex parte Westpac Banking Corporation (unreported, Merkel J, 28 November 1997) followed Hyams v Elder Smith Goldsbrough Mort Limited (1976) 133 CLR 686 referred Re Mendonca; Ex parte Commissioner of Taxation (1969) 15 FLR 256 referred Re Fabricius; Ex parte Morgan and Associates (unreported, O'Loughlin J, 15 March 1991) referred Taylor v Commissioner of Taxation (1987) 16 FCR 212 referred Re Stubberfield; Ex parte Paradise Grove Pty Ltd (1995) 134 ALR 169 referred