n re Direct lending Income Feeder Fund Ltd (In Liquidation) - Judgment on Eiffels summons [2024] CIFsd 85 (22 July 2024)

The court determined that the relief sought by Eiffel did not meet the threshold required under Cayman Islands insolvency law and declined to grant the summons.

Citation: [2024] CIFsd 85
Parties: Company in Liquidation: Direct Lending Income Feeder Fund Ltd (In Liquidation); Applicant: Eiffel
Jurisdiction: Cayman Islands
Judgment Date: 22 July 2024
Procedural Posture: Summons / Judgment
Outcome: summons dismissed
Legal Topics: Liquidation Proceedings, Summons in Insolvency

Insolvency Company Law Liquidation Proceedings Summons in Insolvency

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Parties

Direct Lending Income Feeder Fund Ltd (In Liquidation)

Company in Liquidation

Eiffel

Applicant

Procedural Posture

Summons / Judgment

Legal Issues

1 Whether the summons filed by Eiffel should be granted in the context of the liquidation of Direct Lending Income Feeder Fund Ltd

Ratio Decidendi

The court determined that the relief sought by Eiffel did not meet the threshold required under Cayman Islands insolvency law and declined to grant the summons.

Court Disposition

summons dismissed