In the matter of Merchantbridge Inc [2012] CIFsd 10 (09 February 2012)

In the matter of Merchantbridge Inc [2012] CIFsd 10 (09 February 2012)

The court found that Merchantbridge Inc was unable to pay its debts as they fell due and that it was just and equitable to make a winding up order.

Citation
[2012] CIFsd 10
Parties
Subject Company: Merchantbridge Inc
Jurisdiction
Cayman Islands
Judgment Date
09 February 2012
Procedural Posture
Company Matter / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Insolvency, Company Law
Corporate Law Winding Up Insolvency Company Law

Case Brief

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Parties

Merchantbridge Inc

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

  1. 1 Whether Merchantbridge Inc should be wound up under the Companies Law

Ratio Decidendi

The court found that Merchantbridge Inc was unable to pay its debts as they fell due and that it was just and equitable to make a winding up order.

Court Disposition

winding up order granted

Orders

  • Merchantbridge Inc is to be wound up under the Companies Law.