In the matter of China Milk Products Group Ltd [2015] CIFsd 20 (04 June 2015)

In the matter of China Milk Products Group Ltd [2015] CIFsd 20 (04 June 2015)

The court found that China Milk Products Group Ltd was unable to pay its debts and that it was just and equitable to order its winding up.

Citation
[2015] CIFsd 20
Parties
Subject Company: China Milk Products Group Ltd
Jurisdiction
Cayman Islands
Judgment Date
04 June 2015
Procedural Posture
Company Matter / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Liquidation

Case Brief

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Parties

China Milk Products Group Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

  1. 1 Whether China Milk Products Group Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that China Milk Products Group Ltd was unable to pay its debts and that it was just and equitable to order its winding up.

Court Disposition

winding up order granted

Orders

  • China Milk Products Group Ltd is to be wound up under the supervision of the court
  • Official liquidators to be appointed