21 Jun 2011
KRUKZIENER V COMMISSIONER OF INLAND REVENUE HC AK CIV-2010-404-000728
- Citation
- openlaw-b822a108_3832_4fa0_b38c_ed91e758accb.pdf
- Court
- High Court
Funds paid into court as security for costs remain subject to the Court's control and must be paid out by court order; consequently the Court ordered payment of the security ($1,600 plus any interest) to the Commissioner in respect of the agreed costs and disbursements despite the appellant's bankruptcy, because allowing the Official Assignee to uplift the funds would defeat the purpose of the security and improperly prefer unsecured creditors.
- Security for costs
- Costs and disbursements
- Payment into court
- Bankruptcy effect on court-held funds