Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Needham, in the matter of Bruck Textile Technologies Pty Ltd (in liq) [2016] FCA 837 File number: NSD 619 of 2015
Judge: GLEESON J
Date of judgment: 5 July 2016
Catchwords: BANKRUPTCY AND INSOLVENCY – application for approval for entry into a funding agreement – whether the entry into the agreement is a proper exercise of power and not ill-advised or improper on the part of the liquidator – approval granted PRACTICE AND PROCEDURE – application for a suppression or non-publication order pursuant to s 37AF of the Federal Court of Australia Act 1976 (Cth) – clear public interest in the due and beneficial administration of estates of insolvent companies – disclosure of reasons for judgment an essential aspect of the principle of open justice
Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)
Cases cited: Tolric Pty Ltd v Taylor as Liquidator of Bruck Textile Technologies Pty Ltd (in liq) [2015] FCA 1051 McGrath & Anor re HIH Insurance Ltd & Ors [2010] NSWSC 404; (2010) 78 ACSR 405 Pascoe; in the matter of Matrix Group (in liquidation) [2011] FCA 1117 Leigh; Re AP and PJ King Pty Ltd (in liq) [2006] NSWSC 315 Corporate Affairs Commission v ASC Timber Pty Ltd (1998) 29 ACSR 109 Stewart in the matter of Newtronics Pty Ltd [2007] FCA 1375 Onefone Australia Pty Ltd v OneTel Ltd [2010] NSWSC 498 Re Octaviar Administration Pty Ltd (in liq) [2014] NSWSC 344
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