In the matter of Nanfong International Investments Ltd [2018] CIFsd 35 (20 July 2018)

The court found that the statutory demand was properly served and the company failed to pay the debt or raise a bona fide dispute, justifying a winding up order.

Citation: [2018] CIFsd 35
Parties: Subject Company: Nanfong International Investments Ltd
Jurisdiction: Cayman Islands
Judgment Date: 20 July 2018
Procedural Posture: Company Matter / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Statutory Demand

Company Law Insolvency Winding Up Liquidation Statutory Demand

Case Brief

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Parties

Nanfong International Investments Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

1 Whether Nanfong International Investments Ltd should be wound up under the Companies Law
2 Whether the statutory demand requirements have been met

Ratio Decidendi

The court found that the statutory demand was properly served and the company failed to pay the debt or raise a bona fide dispute, justifying a winding up order.

Court Disposition

winding up order granted

Orders

Nanfong International Investments Ltd is to be wound up by the court
Official liquidator to be appointed