In the matter of Sphinx Group of Companies (In Official Liquidation) [2011] CIFsd 9 (08 March 2011)

In the matter of Sphinx Group of Companies (In Official Liquidation) [2011] CIFsd 9 (08 March 2011)

The court found that the Sphinx Group of Companies was unable to pay its debts and satisfied the statutory grounds for official liquidation.

Citation
[2011] CIFsd 9
Parties
Subject Company: Sphinx Group of Companies (In Official Liquidation)
Jurisdiction
Cayman Islands
Judgment Date
08 March 2011
Procedural Posture
Company Liquidation / Judgment
Outcome
order for official liquidation granted
Legal Topics
Official Liquidation, Winding Up of Companies

Case Brief

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Parties

Sphinx Group of Companies (In Official Liquidation)

Subject Company

Procedural Posture

Company Liquidation / Judgment

  1. 1 whether the Sphinx Group of Companies should be wound up under official liquidation

Ratio Decidendi

The court found that the Sphinx Group of Companies was unable to pay its debts and satisfied the statutory grounds for official liquidation.

Court Disposition

order for official liquidation granted

Orders

  • The Sphinx Group of Companies is placed into official liquidation.