In the matter of Bestway Global Holding Inc [2021] CIFsd 64 (07 October 2021)

In the matter of Bestway Global Holding Inc [2021] CIFsd 64 (07 October 2021)

The court held that the petitioner failed to establish standing as a contributory and that the evidence did not support a just and equitable winding up.

Citation
[2021] CIFsd 64
Parties
Subject Company: Bestway Global Holding Inc
Jurisdiction
Cayman Islands
Judgment Date
07 October 2021
Procedural Posture
Company Matter / Judgment
Outcome
petition dismissed
Legal Topics
Winding Up, Shareholder Rights

Case Brief

Summary, issues, holding and outcome

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Parties

Bestway Global Holding Inc

Subject Company

Procedural Posture

Company Matter / Judgment

  1. 1 Whether the company should be wound up
  2. 2 Whether the petitioner has standing

Ratio Decidendi

The court held that the petitioner failed to establish standing as a contributory and that the evidence did not support a just and equitable winding up.

Court Disposition

petition dismissed

Orders

  • Petition dismissed
  • No order as to costs