In the matter of the Avivo Group [2023] CIFsd 2 (25 January 2023)
The court found that the Avivo Group was unable to pay its debts and that no sufficient alternative remedy was available, justifying a winding up order.
- Citation
- [2023] CIFsd 2
- Parties
- Subject Company: Avivo Group
- Jurisdiction
- Cayman Islands
- Judgment Date
- 25 January 2023
- Procedural Posture
- Winding Up Petition / Judgment
- Outcome
- Winding up order granted
- Legal Topics
- Winding Up, Corporate Insolvency
Case Brief
Summary, issues, holding and outcome
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Parties
Avivo Group
Subject Company
Procedural Posture
Winding Up Petition / Judgment
Legal Issues
- 1 Whether the Avivo Group should be wound up under the Companies Act
Ratio Decidendi
The court found that the Avivo Group was unable to pay its debts and that no sufficient alternative remedy was available, justifying a winding up order.
Court Disposition
Winding up order granted
Orders
- The Avivo Group is to be wound up under the supervision of the court.
Full Case Text
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