In the matter of Holt Fund SPC - Reasons for Decision [2024] CIFsd 7 (26 January 2024)

In the matter of Holt Fund SPC - Reasons for Decision [2024] CIFsd 7 (26 January 2024)

The court found that the statutory requirements for winding up were satisfied as the fund was unable to pay its debts.

Source-derived case information.

Citation
[2024] CIFsd 7
Parties
Applicant: Holt Fund SPC
Jurisdiction
Cayman Islands
Judgment Date
26 January 2024
Procedural Posture
Company Law / Reasons for Decision
Outcome
petition granted
Legal Topics
Fund Management, Winding Up, Insolvency
Company Law Financial Services Fund Management Winding Up Insolvency

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Parties

Holt Fund SPC

Applicant

Procedural Posture

Company Law / Reasons for Decision

  1. 1 Whether Holt Fund SPC should be wound up
  2. 2 Whether the statutory requirements for winding up are satisfied

Ratio Decidendi

The court found that the statutory requirements for winding up were satisfied as the fund was unable to pay its debts.

Court Disposition

petition granted

Orders

  • Holt Fund SPC is to be wound up