In the matter of Xio Diamond Ltd [2020] CIFsd 13 (30 April 2020)
The court found that Xio Diamond Ltd was insolvent and that it was just and equitable to wind up the company and appoint official liquidators.
- Citation
- [2020] CIFsd 13
- Parties
- Subject Company: Xio Diamond Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 30 April 2020
- Procedural Posture
- Company Matter / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Appointment of Liquidators
Case Brief
Summary, issues, holding and outcome
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Parties
Xio Diamond Ltd
Subject Company
Procedural Posture
Company Matter / Judgment
Legal Issues
- 1 Whether Xio Diamond Ltd should be wound up
- 2 Whether liquidators should be appointed
Ratio Decidendi
The court found that Xio Diamond Ltd was insolvent and that it was just and equitable to wind up the company and appoint official liquidators.
Court Disposition
petition granted
Orders
- Xio Diamond Ltd is wound up by the court
- Official liquidators are appointed over Xio Diamond Ltd
Full Case Text
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