Federal Court of Australia
Federal Court of Australia
The Owners - Strata Plan No. 20347 v Saha [2021] FCA 961
File number(s): NSD 120 of 2021
Judgment of: STEWART J
Date of judgment: 13 August 2021
Catchwords: BANKRUPTCY AND INSOLVENCY – review of sequestration order made by registrar of the Court – hearing de novo – where sequestration order was stayed by consent of the parties to enable the debtor to realise assets and pay the debt – where stay proved ineffective – where respondent debtor owns five properties – whether debtor was solvent – proof of solvency – whether discretion should be exercised to set aside sequestration order – whether a creditor must avail themselves of other means of execution or debt recovery before commencing a bankruptcy proceeding
Legislation: Bankruptcy Act 1966 (Cth) ss 5(2), 5(3), 37(2), 43(2), 52(2), 52(3), 58(1), 153B Civil Procedure Act 2005 (NSW) s 60 Evidence Act 1995 (Cth) s 136 Federal Court of Australia Act 1976 (Cth) ss 35A Strata Schemes Management Act 1996 (NSW) s 80 Federal Court (Bankruptcy) Rules 2016 (Cth) r 4.06
Cases cited: Ace Contractors & Staff Pty Ltd v Westgarth Development Pty Ltd [1999] FCA 728 Australia v Begonia (1993) 11 ACLC 1075 Bechara v Bates [2021] FCAFC 34; 388 ALR 414 Cain v Whyte [1933] HCA 6; 48 CLR 639 Clyne v Deputy Commissioner of Taxation (1985) 5 FCR 1 Du Bray v ACW [2020] FCA 1142 Endresz v ASIC [2014] FCA 1139 Endresz v ASIC (No 2) [2015] FCAFC 33; 228 FCR 334 Expile Pty Ltd v Jabb's Excavations Pty Ltd [2003] NSWCA 163; 45 ACSR 711 Liang v LV Property Investments Pty Ltd [2015] FCA 1057 Ramsay Health Care Australia Pty Ltd v Compton [2017] HCA 28; 261 CLR 132 Re Noye; Ex parte Deputy Commissioner of Taxation (Cth) (1956) 18 ABC 77 Re Poulson; Ex parte Hempenstall Bros Ltd (No 1) (1929) 1 ABC 54 Rozenbes v Kronhill [1956] HCA 65; 95 CLR 407 Russell v Polites Investments Pty Ltd [2012] FCA 11 Sandell v Porter [1966] HCA 28; 115 CLR 666 Totev v Sfar [2008] FCAFC 35; 167 FCR 193 Trojan v Corporation of Hindmarsh [1987] FCA 276; 16 FCR 37 Trustees of the Franciscan Missionaries of Mary v Weir [2000] FCA 574; 98 FCR 447
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