In the matter of Kate Holdings Inc [2021] CIFsd 74 (18 November 2021)

The company is insolvent and unable to pay its debts; therefore, it is just and equitable to wind up the company and appoint official liquidators.

Citation: [2021] CIFsd 74
Parties: Subject Company: Kate Holdings Inc
Jurisdiction: Cayman Islands
Judgment Date: 18 November 2021
Procedural Posture: Company Matter / Judgment
Outcome: petition granted
Legal Topics: Winding Up, Appointment of Liquidators

Company Law Insolvency Winding Up Appointment of Liquidators

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Parties

Kate Holdings Inc

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

1 Whether Kate Holdings Inc should be wound up
2 Whether liquidators should be appointed

Ratio Decidendi

The company is insolvent and unable to pay its debts; therefore, it is just and equitable to wind up the company and appoint official liquidators.

Court Disposition

petition granted

Orders

Kate Holdings Inc is wound up by the court
Official liquidators are appointed over Kate Holdings Inc