Magarditch v Australia & New Zealand Banking Group Ltd (ACN 005 357 522) [1999] FCA 35

FEDERAL COURT OF AUSTRALIA

Magarditch v Australia & New Zealand Banking Group Limited (ACN 005 357 522)

[1999] FCA 35

CORPORATIONS LAW – bankrupt company – grounds for granting leave to allow director's to act on behalf of the company in claims against the liquidator and a creditor – "arguable claim"– grounds for an inquiry into the conduct of the liquidator – must establish a prima facie case – liquidator not liable to incur expenses in relation to the winding up unless there is sufficient "property available"

RES JUDICATA – cause of action or issue estoppel – impeachment of a judgment on the ground of fraud – fraud must be based on something newly discovered Jurisdiction of Courts (Cross-Vesting) Act

Companies (New South Wales) Code ss377, 378, 420, 429, 538 Real Property Act s42 Companies Act s287

Corporations Law s545 Blair v Curran (1939) 62 CLR 464 Cabassi v Vila (1940) 64 CLR 130 McDonald v McDonald (1965) 113 CLR 529 Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 Gould and Anor v Vaggelas and Ors (1983-1985) 157 CLR 214 Chamberlain v Deputy Commissioner of Taxation (1988) 164 CLR 502 Rogers v The Queen (1994) 181 CLR 251 Monroe Schneider v No.1 Raberem (1992) 37 FCR 234 Vagrand Pty Ltd (in liq) v Fielding (1993) 41 FCR 550 Sydlow (In Liq) v T G Kotselas (1996) 65 FCR 234 Wentworth v Rogers (1986) 6 NSWLR 534 O'Brien v Tanning Research Labs Inc (1988) 14 NSWLR 601 Burns Philp Investment v Dickens (1993) 11 ACLC 272 Burns Philp Investment v Dickens [No. 2] (1993) 31 NSWLR 280 Eros Cinema Pty Limited v Michel Assad Nassar (1996) 14 ACLC 1374 SC (NSW) Re Tulloch Ltd (in liq) (1978) 3 ACLR 808 SC (NSW) Aliprandi v Griffith Vintners Pty Ltd (in liq) (1991) 6 ACSR 250 SC (NSW) Henderson v Henderson (1843) 3 Hare 100; 67 E.R. 313 Cape Breton Co. v Fenn (1881) 17 Ch D 198 Boswell v Coaks (No. 2) (1894) 6 R 167 Prudential Assurance Co. Ltd. v. Newman Industries Ltd. [No. 2] [1982] Ch. 204 Lloyd-Owen v Bull (1936) 4 DLR 273 Dallal v Bank Mellat [1986] QB 441 Owens Bank Ltd v Bracco [1992] 2 AC 443 Wenham v General Credits Limited, Supreme Court of New South Wales, unreported 16 December 1988) Magarditch & Anor v Australian and New Zealand Banking Group Limited CA 40318/97 and ED 2181/91, unreported 23 September 1998