In the matter of Sphinx Ltd [2009] CIFsd 9 (31 March 2009)

The court found Sphinx Ltd insolvent and unable to pay its debts, satisfying statutory grounds for winding-up and appointment of a liquidator.

Citation: [2009] CIFsd 9
Parties: Applicant: Sphinx Ltd
Jurisdiction: Cayman Islands
Judgment Date: 31 March 2009
Procedural Posture: Company Winding Up / Judgment
Outcome: winding-up order granted
Legal Topics: Winding Up, Liquidation, Appointment of Liquidator

Insolvency Company Law Winding Up Liquidation Appointment of Liquidator

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Parties

Sphinx Ltd

Applicant

Procedural Posture

Company Winding Up / Judgment

Legal Issues

1 Whether Sphinx Ltd should be wound up under the Companies Law
2 Whether a liquidator should be appointed

Ratio Decidendi

The court found Sphinx Ltd insolvent and unable to pay its debts, satisfying statutory grounds for winding-up and appointment of a liquidator.

Court Disposition

winding-up order granted

Orders

Sphinx Ltd is ordered to be wound up.
A liquidator is appointed to Sphinx Ltd.