Kyriackou v Shield Mercantile Pty Ltd (No 2) [2004] FCA 1338

FEDERAL COURT OF AUSTRALIA

Kyriackou v Shield Mercantile Pty Ltd (No 2) [2004] FCA 1338

BANKRUPTCY – sequestration order made – claim that bankruptcy notice invalid – Federal Magistrate rejected claim – appeal allowed – bankruptcy notice failed to comply with prescribed form – notice invalid – Official Trustee incurred "costs, charges and expenses" in administering bankrupt estate – whether appropriate simply to set aside sequestration order – whether bankruptcy should be annulled so that Official Trustee can recoup costs and expenses pursuant to s 154(1)(b) and (2) of the Bankruptcy Act 1966 (Cth)

Bankruptcy Act 1966 (Cth) ss 153B, 154(1)(b) and 154(2) Federal Court of Australia Act 1976 (Cth) s 35A(5) Federal Magistrates Act 1999 (Cth) s 104(2) Federal Proceedings (Costs) Act 1981 (Cth) s 6 Bankruptcy Regulations 1996 reg 16.07A

Kleinwort Benson Australia Limited v Crowl (1988) 165 CLR 71 at 81-82 referred to American Express International Inc v Held (1999) 87 FCR 583 at 585 referred to Turner v Trevorrow (1994) 49 FCR 566 referred to Marshall v General Motors Acceptance Corporation Australia (2003) 127 FCR 453 referred to Ivanhoe Grammar School v Raschilla [2003] FMCA 30 referred to The Austral Brick Company Pty Ltd v Daskalovski [1998] FCA 782 discussed Symons v Bateman [1999] FCA 658 discussed Re Anasis; Ex parte Total Australia Ltd (1985) 11 FCR 127 referred to Wenkart v Pantzer (2003) 132 FCR 204 at 207 referred to

MICHAEL KYRIACKOU v SHIELD MERCANTILE PTY LTD (ACN 082 737 442) and OFFICIAL TRUSTEE IN BANKRUPTCY V960 OF 2003 WEINBERG J 22 OCTOBER 2004 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V960 OF 2003

BETWEEN: MICHAEL KYRIACKOU

APPELLANT

AND: SHIELD MERCANTILE PTY LTD (ACN 082 737 442)

FIRST RESPONDENT