Magarditch v Australia & New Zealand Banking Group Ltd [1999] FCA 806

FEDERAL COURT OF AUSTRALIA

Magarditch v Australia & New Zealand Banking Group Ltd [1999] FCA 806

CORPORATIONS – winding up – action in company name by contributory – leave to proceed – appropriate criteria – serious question to be tried or arguable case – duties of liquidator – inquiry into liquidator's conduct – when ordered. COURTS– res judicata – issue estoppel – prior judgments – judgment obtained by fraud or non-disclosure – party challenging judgment represented in prior proceedings with full knowledge of facts APPEALS - appeal court – nature of function and remedy – ancillary orders additional to dismissal of appeal – stay of proceedings.

Jurisdiction of Courts (Cross Vesting) Act 1987 (Cth) Corporations Law s 471(2), s 536 Real Property Act 1900 (NSW) s 42(1) Vagrand Pty Ltd (in liq) v Fielding (1993) 41 FCR 550 Eros Cinema Pty Ltd v Michel Assad Nassar (1996) 14 ACLC 1374 Boswell v Cokes (No 2) (1894) 6 R 167 Cabassi v Vila (1940) 64 CLR 130 McDonald v McDonald (1965) 113 CLR 529 Aliprandi v Griffith Vintners Pty Ltd (in liq) (1991) 6 ACSR 250 Russell v Westpac Banking Corporation (1994) 12 ACLC 278 Monroe Schneider v No 1 Raberem (1992) 37 FCR 234 Owens Bank Ltd v Bracco [1992] 2 AC 443 Wentworth v Rogers (1986) 6 NSWLR 534 CDJ v VAJ (1998) 157 ALR 686 Victorian Stevedoring and General Contracting Co Pty Ltd v Dignan (1931) 46 CLR 73 Mickelberg v The Queen (1989) 167 CLR 259 Duralla Pty Ltd v Plant (1984) 2 FCR 342 Petreski v Cargill (1987) 18 FCR 68 Chamberlain v The Queen (1984) 153 CLR 521 Teoh v Minister for Immigration and Ethnic Affairs (1994) 49 FCR 409 Walton v Gardiner (1993) 177 CLR 378 GERIER AGOP MAGARDITCH, JAKE SOURIAN and MAGIC AUSTRALIA PTY LTD (IN LIQUIDATION) v AUSTRALIA & NEW ZEALAND BANKING GROUP LTD (ACN 005 357 522) and IAN LAWRENCE STRUTHERS "THE APPOINTED LIQUIDATOR FOR MAGIC AUSTRALIA PTY LTD" G 1065 of 1997