BANKRUPTCY - interlocutory application - application to set aside sequestration order - effect of alternative application for stay of sequestration order - s 37(2) of the Bankruptcy Act 1966 (Cth) - qualification that s 37(2) of the Bankruptcy Act 1966 (Cth) does not affect the Court's power under s 52(3) of the Bankruptcy Act 1966 (Cth) to stay all proceedings under a sequestration order for a period not exceeding 21 days or affect the Court's power under r 36.08 of the Federal Court Rules 2011 (Cth) to stay the execution of a proceeding until an appeal is heard and determined - whether all proceedings under sequestration order should be stayed - respondent hopelessly insolvent - stay of all proceedings under sequestration order granted until expiry of appeal period - respondent granted liberty to apply for extension of stay if appeal instituted - respondent granted leave in that event to apply for security of costs - any application for extension of stay and application for security of costs to be heard together
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