In the matter of Asia Private Credit Fund Ltd [2019] CIFsd 20 (19 March 2019)

In the matter of Asia Private Credit Fund Ltd [2019] CIFsd 20 (19 March 2019)

The company is unable to pay its debts and it is just and equitable to wind it up under the Companies Law.

Citation
[2019] CIFsd 20
Parties
Subject Company: Asia Private Credit Fund Ltd
Jurisdiction
Cayman Islands
Judgment Date
19 March 2019
Procedural Posture
Winding Up Petition / Judgment
Outcome
Winding up order granted
Legal Topics
Winding Up, Liquidation, Creditor Rights
Insolvency Company Law Winding Up Liquidation Creditor Rights

Case Brief

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Parties

Asia Private Credit Fund Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether Asia Private Credit Fund Ltd should be wound up under the Companies Law

Ratio Decidendi

The company is unable to pay its debts and it is just and equitable to wind it up under the Companies Law.

Court Disposition

Winding up order granted

Orders

  • Asia Private Credit Fund Ltd is ordered to be wound up.
  • Official liquidators to be appointed.