In the matter of Sphinx Group of Companies [2014] CIFsd 2 (24 January 2014)

The court found that the Sphinx Group of Companies was insolvent and that the statutory grounds for winding up were satisfied, justifying the making of a winding up order.

Citation: [2014] CIFsd 2
Parties: Subject Company: Sphinx Group of Companies
Jurisdiction: Cayman Islands
Judgment Date: 24 January 2014
Procedural Posture: Insolvency Proceedings / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Company Law

Insolvency Law Corporate Law Winding Up Liquidation Company Law

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 1 Authorities cited 1 Party arguments 2

Parties

Sphinx Group of Companies

Subject Company

Procedural Posture

Insolvency Proceedings / Judgment

Legal Issues

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

Ratio Decidendi

The court found that the Sphinx Group of Companies was insolvent and that the statutory grounds for winding up were satisfied, justifying the making of a winding up order.

Court Disposition

winding up order granted

Orders

The Sphinx Group of Companies is ordered to be wound up under the supervision of the court.