In the matter of Income Collecting 1-3 Months T-Bills Mutual Fund (In Official Liquidation) [2022] CIFsd 6 (21 January 2022)

The court held that the liquidators are entitled to the directions sought and may proceed as proposed in their application.

Source-derived case information.

Citation: [2022] CIFsd 6
Parties: Company in Official Liquidation: Income Collecting 1-3 Months T-Bills Mutual Fund
Jurisdiction: Cayman Islands
Judgment Date: 21 January 2022
Procedural Posture: Winding Up Petition / Judgment on Application in Liquidation
Outcome: application granted
Legal Topics: Official Liquidation, Powers of Liquidators

Insolvency Company Law Official Liquidation Powers of Liquidators

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Summary, issues, holding and outcome

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Parties

Income Collecting 1-3 Months T-Bills Mutual Fund

Company in Official Liquidation

Procedural Posture

Winding Up Petition / Judgment on Application in Liquidation

Legal Issues

1 whether the liquidators have authority to take certain actions in the course of the liquidation

Ratio Decidendi

The court held that the liquidators are entitled to the directions sought and may proceed as proposed in their application.

Court Disposition

application granted

Orders

liquidators are granted the directions sought in their application

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