In the matter of ICP Strategic Credit Income Fund Ltd [2010] CIFsd 28 (10 August 2010)

The company is unable to pay its debts and winding-up is appropriate; official liquidators are to be appointed.

Citation: [2010] CIFsd 28
Parties: Subject Company: ICP Strategic Credit Income Fund Ltd
Jurisdiction: Cayman Islands
Judgment Date: 10 August 2010
Procedural Posture: Winding Up Petition / Judgment
Outcome: petition granted
Legal Topics: Winding Up, Appointment of Liquidators

Corporate Law Insolvency Winding Up Appointment of Liquidators

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Parties

ICP Strategic Credit Income Fund Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether ICP Strategic Credit Income Fund Ltd should be wound up
2 Whether official liquidators should be appointed

Ratio Decidendi

The company is unable to pay its debts and winding-up is appropriate; official liquidators are to be appointed.

Court Disposition

petition granted

Orders

ICP Strategic Credit Income Fund Ltd is ordered to be wound up
Official liquidators are appointed