In the matter of Matrix Inc [2018] CIFsd 22 (28 May 2018)

Matrix Inc is insolvent and unable to pay its debts; the statutory grounds for winding up are satisfied.

Citation: [2018] CIFsd 22
Parties: Applicant: Matrix Inc
Jurisdiction: Cayman Islands
Judgment Date: 28 May 2018
Procedural Posture: Company Law Petition / Judgment
Outcome: petition granted
Legal Topics: Winding Up, Insolvency

Company Law Winding Up Insolvency

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Parties

Matrix Inc

Applicant

Procedural Posture

Company Law Petition / Judgment

Legal Issues

1 Whether Matrix Inc should be wound up under the Companies Law

Ratio Decidendi

Matrix Inc is insolvent and unable to pay its debts; the statutory grounds for winding up are satisfied.

Court Disposition

petition granted

Orders

Matrix Inc is ordered to be wound up under the Companies Law