In the matter of Padma Fund LP [2021] CIFsd 65 (08 October 2021)

The applicant demonstrated insolvency and inability to pay debts; the statutory grounds for winding up are satisfied.

Source-derived case information.

Citation: [2021] CIFsd 65
Parties: Applicant: Padma Fund LP
Jurisdiction: Cayman Islands
Judgment Date: 08 October 2021
Procedural Posture: Company Matter / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Insolvency

Company Law Winding Up Insolvency

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Parties

Padma Fund LP

Applicant

Procedural Posture

Company Matter / Judgment

Legal Issues

1 whether Padma Fund LP should be wound up

Ratio Decidendi

The applicant demonstrated insolvency and inability to pay debts; the statutory grounds for winding up are satisfied.

Court Disposition

winding up order granted

Orders

Padma Fund LP is to be wound up under the supervision of the court

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