In the matter of China Milk Products Group Ltd [2011] CIFsd 29 (22 July 2011)
The court found that China Milk Products Group Ltd was unable to pay its debts and that the statutory grounds for winding up were satisfied.
- Citation
- [2011] CIFsd 29
- Parties
- Subject Company: China Milk Products Group Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 22 July 2011
- Procedural Posture
- Corporate Insolvency / Judgment
- Outcome
- winding up order granted
- Legal Topics
- Winding Up, Liquidation, Creditor Protection
Case Brief
Summary, issues, holding and outcome
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Parties
China Milk Products Group Ltd
Subject Company
Procedural Posture
Corporate Insolvency / Judgment
Legal Issues
- 1 Whether China Milk Products Group Ltd should be wound up under insolvency proceedings
Ratio Decidendi
The court found that China Milk Products Group Ltd was unable to pay its debts and that the statutory grounds for winding up were satisfied.
Court Disposition
winding up order granted
Orders
- China Milk Products Group Ltd is to be wound up under the supervision of the court
Full Case Text
Judgment text and source record
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