In the matter of Pinnacle Global Partners Fund 1 Ltd [2019] CIFsd 9 (04 February 2019)

The Court held that the evidence established a loss of substratum and a breakdown in trust and confidence, justifying the winding up of the company on just and equitable grounds.

Citation: [2019] CIFsd 9
Parties: Subject Company: Pinnacle Global Partners Fund 1 Ltd
Jurisdiction: Cayman Islands
Judgment Date: 04 February 2019
Procedural Posture: Winding Up Petition / Judgment
Outcome: petition granted
Legal Topics: Winding Up, Just and Equitable Grounds

Company Law Insolvency Winding Up Just and Equitable Grounds

Case Brief

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Parties

Pinnacle Global Partners Fund 1 Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Pinnacle Global Partners Fund 1 Ltd should be wound up on just and equitable grounds

Ratio Decidendi

The Court held that the evidence established a loss of substratum and a breakdown in trust and confidence, justifying the winding up of the company on just and equitable grounds.

Court Disposition

petition granted

Orders

The company is to be wound up.
A liquidator is to be appointed.