National Australia Bank Limited, in the matter of San Esteban (former Bankrupt) v State of New South Wales [2015] FCA 289

FEDERAL COURT OF AUSTRALIA

National Australia Bank Limited, in the matter of San Esteban (former Bankrupt) v State of New South Wales [2015] FCA 289 Citation: National Australia Bank Limited, in the matter of San Esteban (former Bankrupt) v State of New South Wales [2015] FCA 289

Parties: NATIONAL AUSTRALIA BANK LIMITED (ABN 12 004 044 937) v THE STATE OF NEW SOUTH WALES and GLOBAL FINANCIAL GROUP (GFG) PTY LTD (ACN 073 220 747)

File number: NSD 1375 of 2014

Judge: FLICK J

Date of judgment: 1 April 2015

Catchwords: BANKRUPTCY – disclaimer of interest in realty – the doctrine of escheat – surviving interest of mortgagee – order for sale to realise security – conditions imposed

Legislation: Bankruptcy Act 1966 (Cth) ss 5, 133(1AA), 133(1AA)(a), 133(1), 133(2), 133(9), 133(10), 133(11), 149 Bankruptcy Regulations 1996 (Cth) r 6.10 Companies Act 1961 (NSW) s 296(2) Real Property Act 1900 (NSW)

Cases cited: In re Celtic Extraction Ltd (in liquidation) [2001] 1 Ch 475 Menzies v Paccar Financial Pty Ltd (No 4) [2014] NSWCA 210, (2014) 101 ACSR 25 National Australia Bank Ltd v New South Wales [2009] FCA 1066, (2009) 182 FCR 52 National Australia Bank Ltd v New South Wales [2014] FCA 298 National Australia Bank Ltd v State of South Australia (No 2) [2015] FCA 240 National Australia Bank Ltd v Victoria [2010] FCA 1230, (2010) 118 ALD 527 Rams Mortgage Corporation Ltd v Skipworth [2008] WASCA 148 Rams Mortgage Corporation Ltd v Skipworth (No 2) [2007] WASC 75, (2007) 210 FLR 11 Re Tulloch Ltd (in liquidation) (1978) 3 ACLR 808 Re Woo; National Australian Bank Ltd v Leroy [2003] FCA 862 Westpac Banking Corporation v State of New South Wales [2014] FCA 1368