In the matter of Polarcus Ltd [2022] CIFsd 56 (06 July 2022)

Polarcus Ltd is insolvent and unable to pay its debts; the statutory criteria for winding up are satisfied.

Citation: [2022] CIFsd 56
Parties: Applicant: Polarcus Ltd
Jurisdiction: Cayman Islands
Judgment Date: 06 July 2022
Procedural Posture: Insolvency / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Company Law

Insolvency Corporate Winding Up Liquidation Company Law

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 1

Sign in to unlock

Parties

Polarcus Ltd

Applicant

Procedural Posture

Insolvency / Judgment

Legal Issues

1 Whether Polarcus Ltd should be wound up under the Companies Law

Ratio Decidendi

Polarcus Ltd is insolvent and unable to pay its debts; the statutory criteria for winding up are satisfied.

Court Disposition

winding up order granted

Orders

Polarcus Ltd is ordered to be wound up under the Companies Law