In the matter of IGCF SPV 21 Limited - Consequentials and Stay Judgment [2023] CIFsd 95 (17 October 2023)

The court exercised its discretion to grant a stay of the winding up order, subject to conditions, and made consequential orders as appropriate.

Source-derived case information.

Citation: [2023] CIFsd 95
Parties: Applicant: IGCF SPV 21 Limited
Jurisdiction: Cayman Islands
Judgment Date: 17 October 2023
Procedural Posture: Company Law / Consequentials and Stay Judgment
Outcome: Stay of winding up order granted; consequential orders made.
Legal Topics: Winding Up, Stay of Proceedings, Consequential Orders

Company Law Insolvency Winding Up Stay of Proceedings Consequential Orders

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Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 2

Parties

IGCF SPV 21 Limited

Applicant

Procedural Posture

Company Law / Consequentials and Stay Judgment

Legal Issues

1 Whether to grant a stay of the winding up order
2 Appropriate consequential orders following the main judgment

Ratio Decidendi

The court exercised its discretion to grant a stay of the winding up order, subject to conditions, and made consequential orders as appropriate.

Court Disposition

Stay of winding up order granted; consequential orders made.

Orders

Winding up order stayed subject to conditions
Consequential directions issued

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