In the Matter of Madera Technology Fund (CI) Ltd. - Judgment [2024] CIFsd 99 (21 August 2024)

In the Matter of Madera Technology Fund (CI) Ltd. - Judgment [2024] CIFsd 99 (21 August 2024)

The court found that the company was unable to pay its debts and that it was just and equitable to wind up the company.

Citation
[2024] CIFsd 99
Parties
Applicant: Madera Technology Fund (CI) Ltd.
Jurisdiction
Cayman Islands
Judgment Date
21 August 2024
Procedural Posture
Winding Up Petition / Judgment
Outcome
petition granted
Legal Topics
Winding Up, Fund Insolvency
Company Law Insolvency Winding Up Fund Insolvency

Case Brief

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Parties

Madera Technology Fund (CI) Ltd.

Applicant

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether Madera Technology Fund (CI) Ltd. should be wound up under the Companies Act

Ratio Decidendi

The court found that the company was unable to pay its debts and that it was just and equitable to wind up the company.

Court Disposition

petition granted

Orders

  • Madera Technology Fund (CI) Ltd. is to be wound up by the court.
  • Official liquidators to be appointed.