In the matter of Sphinx Group Companies [2011] CIFsd 26 (06 July 2011)

In the matter of Sphinx Group Companies [2011] CIFsd 26 (06 July 2011)

The court found that the Sphinx Group Companies were insolvent and satisfied the statutory grounds for winding up, and therefore ordered their liquidation.

Citation
[2011] CIFsd 26
Parties
Subject Company: Sphinx Group Companies
Jurisdiction
Cayman Islands
Judgment Date
06 July 2011
Procedural Posture
Insolvency / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Liquidation, Creditor Claims

Case Brief

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Parties

Sphinx Group Companies

Subject Company

Procedural Posture

Insolvency / Judgment

  1. 1 Whether the Sphinx Group Companies should be wound up under the applicable insolvency laws

Ratio Decidendi

The court found that the Sphinx Group Companies were insolvent and satisfied the statutory grounds for winding up, and therefore ordered their liquidation.

Court Disposition

winding up order granted

Orders

  • The Sphinx Group Companies are to be wound up under the supervision of the court.