P Aker Flowerbulbs Pty Ltd v Coulter [2004] FCA 1486

FEDERAL COURT OF AUSTRALIA

P Aker Flowerbulbs Pty Ltd v Coulter [2004] FCA 1486 BANKRUPTCY – validity of bankruptcy notice – alleged overstatement of interest on judgment debt – interest calculated from date of judgment – where stay "on payment" granted for one month – effect of stay on accrual of post-judgment interest – alternative claim of compromise not finally determined Landsal Pty Ltd (In Liq) v REI Building Society (1993) 41 FCR 421 at 429, referred to Meadow Gem Pty Ltd v ANZ Executors and Trustees (unreported, Byrne J, Supreme Court of Victoria, 11 June 1996), referred to Scarborough v Lew's Junction Stores Pty Ltd [1963] VR 129, referred to Ellis v Scott [1964] 2 All ER 987, referred to Clifton Securities Ltd v Huntley [1948] 2 All ER 283, followed Andrews v John Fairfax & Sons Ltd [1979] 2 NSWLR 184, referred to Alexander v Cambridge Credit Corp Ltd (Receiver appointed) (1985) 2 NSWLR 685, referred to Vitous v Tuohill [1964] VR 624 at 630-631, followed Whitaker v Commissioner of Taxation (1998) 82 FCR 261 at 276, considered Central Electricity Board of Mauritius v Bata Shoe Co (Mauritius) Ltd [1983] AC 105, referred to Smart v O'Callaghan (1878) 4 VLR 448, referred to Deloitte Touche Tohmatsu Trustee Co Ltd v Christchurch Pavilion Partnership (No 1) [2002] 3 NZLR 215, referred to Scope Data Systems v BDO Nelson Parkhill (2003) 199 ALR 56, discussed Re Pollack; Ex parte DCT (1991) 32 FCR 40 at 51 and 57, considered Re Hughes, ex parte Westpac Banking Corporation (unreported, Merkel J, Federal Court of Australia, 28 November 1997), considered County Court Act 1958 (Vic), s 73(4) 45 Am Jur 2d, Interest and Usury, § 43 (1999) P AKER FLOWERBULBS PTY LTD (ACN 086 906 336) v DAVID COULTER V689 of 2004 WEINBERG J 18 NOVEMBER 2004 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA