News Limited, in the matter of Ormond v Ormond [2001] FCA 1118

FEDERAL COURT OF AUSTRALIA

News Limited, in the matter of Ormond v Ormond [2001] FCA 1118 BANKRUPTCY – creditor's petition – where act of bankruptcy under Bankruptcy Act 1966 (Cth) s 40(1)(i) by debtor signing authority under s 188 – where court satisfied of matters in Bankruptcy Act 1966 (Cth) s 52(1) – whether purported deed of arrangement has effect that creditor not competent under Bankruptcy Act 1966 (Cth) s 233(2)(a) to proceed with creditor's petition – where purported deed of arrangement under Bankruptcy Act 1966 (Cth) Pt X disclosed on face not executed in accordance with Bankruptcy Act 1966 (Cth) s 216(1) – whether purported deed of arrangement not executed in accordance with Bankruptcy Act 1966 (Cth) s 216(1) invalid on its face – whether purported deed of arrangement valid for purposes of Bankruptcy Act 1966 (Cth) s 233(2)(a) until declared void under s 222 – whether purported deed of arrangement only so valid where valid on its face – whether purported deed of arrangement to be treated as valid because debtor's and creditors' wishes not to be frustrated by trustee's negligence – whether Musolino v Sidiropoulos (1991) 101 ALR 235 affects present case. Bankruptcy Act 1966 (Cth) ss 5(1), 33(1)(c), 40(1)(i), 52(1), 188, s 188A, 189A(1), 190(1), 204, 213(1), 216, 222, 228(1), 228(2), 233(1), 233(2) Federal Court Rules (Cth) O 14 r 9(3) Re Dawson; Ex parte Dawson and Arthur Andersen and Co (1985) 5 FCR 133 discussed Re Lawrence; Ex parte Burns (1985) 9 FCR 9 followed Burns v Lorac Mining Pty Ltd (1985) 4 FCR 301 followed Re Gagliardi; Ex parte Mount (1984) 5 FCR 52 considered Musolino v Sidiropoulos (1991) 101 ALR 235 considered Re Leeb (1972) 20 FLR 384 referred to Re Migliorini; Ex parte Silk Bros (Interstate Traders) Pty Ltd (1974) 22 FLR 491 referred to Gee v Schmutter (1971) 123 CLR 503 referred to IN THE MATTER OF WAYNE RODNEY ORMOND NEWS LIMITED v WAYNE RODNEY ORMOND N 7250 of 2001 IN THE MATTER OF WAYNE RODNEY ORMOND WAYNE RODNEY ORMOND v GEOFFREY DAVID McDONALD & ANOR N 7346 of 2001 KATZ J 15 AUGUST 2001 SYDNEY