In the matter of Grand State Investments Ltd [2021] CIFsd 27 (28 April 2021)
The court found that Grand State Investments Ltd was unable to pay its debts and that it was just and equitable to wind up the company.
- Citation
- [2021] CIFsd 27
- Parties
- Subject Company: Grand State Investments Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 28 April 2021
- Procedural Posture
- Company Matter / Judgment
- Outcome
- winding up order granted
- Legal Topics
- Winding Up, Insolvency
Case Brief
Summary, issues, holding and outcome
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Parties
Grand State Investments Ltd
Subject Company
Procedural Posture
Company Matter / Judgment
Legal Issues
- 1 Whether Grand State Investments Ltd should be wound up under the Companies Law
Ratio Decidendi
The court found that Grand State Investments Ltd was unable to pay its debts and that it was just and equitable to wind up the company.
Court Disposition
winding up order granted
Orders
- Grand State Investments Ltd is to be wound up under the supervision of the court
Full Case Text
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