In the matter of Caledonian Bank Ltd (In Voluntary Liquidation) [2015] CIFsd 2 (12 February 2015)

In the matter of Caledonian Bank Ltd (In Voluntary Liquidation) [2015] CIFsd 2 (12 February 2015)

The court held that the requirements for voluntary liquidation under the Companies Law were satisfied and granted the application.

Citation
[2015] CIFsd 2
Parties
Applicant: Caledonian Bank Ltd
Jurisdiction
Cayman Islands
Judgment Date
12 February 2015
Procedural Posture
Insolvency Proceedings / Application in Voluntary Liquidation
Outcome
Application granted
Legal Topics
Voluntary Liquidation, Winding Up of Banks

Case Brief

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Parties

Caledonian Bank Ltd

Applicant

Procedural Posture

Insolvency Proceedings / Application in Voluntary Liquidation

  1. 1 Whether Caledonian Bank Ltd should be wound up in voluntary liquidation

Ratio Decidendi

The court held that the requirements for voluntary liquidation under the Companies Law were satisfied and granted the application.

Court Disposition

Application granted

Orders

  • Caledonian Bank Ltd is to be wound up in voluntary liquidation