In the matter of OneTradex OTX Ltd [2020] CIFsd 48 (01 October 2020)

The court found that OneTradex OTX Ltd was unable to pay its debts and ordered that the company be wound up.

Citation: [2020] CIFsd 48
Parties: Subject Company: OneTradex OTX Ltd
Jurisdiction: Cayman Islands
Judgment Date: 01 October 2020
Procedural Posture: Winding Up Petition / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Insolvency, Company Law

Corporate Insolvency Winding Up Insolvency Company Law

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Parties

OneTradex OTX Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether OneTradex OTX Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that OneTradex OTX Ltd was unable to pay its debts and ordered that the company be wound up.

Court Disposition

winding up order granted

Orders

OneTradex OTX Ltd is to be wound up under the supervision of the court