In the matter of Altair Asia Investments Ltd [2020] CIFsd 6 (16 March 2020)

The court found that Altair Asia Investments Ltd failed to demonstrate solvency and the debt was not genuinely disputed, warranting a winding-up order.

Citation: [2020] CIFsd 6
Parties: Subject Company: Altair Asia Investments Ltd
Jurisdiction: Cayman Islands
Judgment Date: 16 March 2020
Procedural Posture: Winding Up Petition / Judgment
Outcome: winding-up order granted
Legal Topics: Winding Up, Solvency, Statutory Demand

Company Law Insolvency Winding Up Solvency Statutory Demand

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 2 Authorities cited 2 Party arguments 2

Parties

Altair Asia Investments Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Altair Asia Investments Ltd should be wound up under the Companies Law
2 Whether the company is unable to pay its debts

Ratio Decidendi

The court found that Altair Asia Investments Ltd failed to demonstrate solvency and the debt was not genuinely disputed, warranting a winding-up order.

Court Disposition

winding-up order granted

Orders

Altair Asia Investments Ltd is to be wound up under the Companies Law.
The Official Liquidator is appointed to take charge of the company's affairs.