International Alpaca Management Pty Ltd v Ensor [1999] FCA 72

FEDERAL COURT OF AUSTRALIA INTERNATIONAL ALPACA MANAGEMENT PTY LTD v ENSOR [1999] FCA 72 BANKRUPTCY - creditors' petition - discretionary "defences" - whether debtor "able to pay his … debts" - meaning of requirement that debtor satisfy Court of ability to pay debtor's debts - whether "other sufficient cause" why sequestration order ought not to be made - whether creditors' refusal after served petition to accept tender of amount presently payable to them can constitute "sufficient cause" - whether need to satisfy Court of "sufficient cause" if debtor not a trader and petitioning creditors able to be paid presently payable debts - test of when existence of monetary claim by debtor amounts to "sufficient cause". Bankruptcy Act 1966 (Cth) - ss 5(1), 5(2), 52(2) Ensor v International Alpaca Management Pty Ltd (1996) 13 Leg Rep SL 2, cited International Alpaca Management Pty Ltd v Ensor (1995) 133 ALR 561, cited Bank of Australasia v Hall (1907) 4 CLR 1514, applied Leslie v Howship Holdings Pty Ltd (1997) 15 ACLC 459, cited Sandell v Porter (1966) 115 CLR 666, applied Lyford v Commonwealth Bank of Australia (1995) 130 ALR 267, cited Re McVey;Ex parte Carswell and Company (Cooper J, 22 May 1996, unreported), followed Re Eather; Ex parte Palada, (Cooper J, 30 May 1996, unreported), followed Re Capel; Ex parte Caram Finance Australia Ltd (Finn J, 9 April 1998, unreported), followed Sarina v Wollondilly SC (1980) 48 FLR 372, cited Cain v Whyte (1933) 48 CLR 639, applied Rozenbes v Kronhill (1956) 95 CLR 407, cited McIntosh v Shashoua (1931) 46 CLR 494, followed Re Svir (1998) 154 ALR 710, followed Ling v Enrobook Pty Ltd (1997) 74 FCR 19, applied INTERNATIONAL ALPACA MANAGEMENT PTY LIMITED & ORS v BENJAMIN K E ENSOR NG 7337 of 1998 KATZ J SYDNEY 10 FEBRUARY 1999

IN THE FEDERAL COURT OF AUSTRALIA