In the matter of Madison Niche Assets Funds Ltd ( In Liquidation) [2017] CIFsd 46 (25 October 2017)

In the matter of Madison Niche Assets Funds Ltd ( In Liquidation) [2017] CIFsd 46 (25 October 2017)

The court found that Madison Niche Assets Funds Ltd was insolvent and ordered its winding-up under the Companies Law.

Citation
[2017] CIFsd 46
Parties
Applicant: Madison Niche Assets Funds Ltd
Jurisdiction
Cayman Islands
Judgment Date
25 October 2017
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding-up order granted
Legal Topics
Liquidation, Winding Up, Funds

Case Brief

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Parties

Madison Niche Assets Funds Ltd

Applicant

Procedural Posture

Winding Up Petition / Judgment

  1. 1 Whether Madison Niche Assets Funds Ltd should be wound up
  2. 2 Whether the company is insolvent

Ratio Decidendi

The court found that Madison Niche Assets Funds Ltd was insolvent and ordered its winding-up under the Companies Law.

Court Disposition

winding-up order granted

Orders

  • Madison Niche Assets Funds Ltd is to be wound up in accordance with the Companies Law