In the matter of Sun Cheong Creative Development Holdings Ltd [2020] CIFsd 53 (20 October 2020)

The court found that Sun Cheong Creative Development Holdings Ltd was unable to pay its debts and that no alternative remedy was available, warranting a winding-up order.

Citation: [2020] CIFsd 53
Parties: Subject Company: Sun Cheong Creative Development Holdings Ltd
Jurisdiction: Cayman Islands
Judgment Date: 20 October 2020
Procedural Posture: Winding Up Petition / Judgment
Outcome: winding-up order granted
Legal Topics: Winding Up, Company Insolvency

Corporate Law Insolvency Winding Up Company Insolvency

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Parties

Sun Cheong Creative Development Holdings Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Sun Cheong Creative Development Holdings Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that Sun Cheong Creative Development Holdings Ltd was unable to pay its debts and that no alternative remedy was available, warranting a winding-up order.

Court Disposition

winding-up order granted

Orders

Sun Cheong Creative Development Holdings Ltd is to be wound up under the Companies Law