In the matter of Silver Base Group Holdings Ltd [2021] CIFsd 75 (22 November 2021)
The court held that the breakdown in trust and confidence among the company's controllers was irreparable and that no alternative remedy was appropriate, making winding up on just and equitable grounds necessary.
- Citation
- [2021] CIFsd 75
- Parties
- Subject Company: Silver Base Group Holdings Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 22 November 2021
- Procedural Posture
- Company Matter / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Just and Equitable Grounds
Case Brief
Summary, issues, holding and outcome
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Parties
Silver Base Group Holdings Ltd
Subject Company
Procedural Posture
Company Matter / Judgment
Legal Issues
- 1 Whether Silver Base Group Holdings Ltd should be wound up on just and equitable grounds
Ratio Decidendi
The court held that the breakdown in trust and confidence among the company's controllers was irreparable and that no alternative remedy was appropriate, making winding up on just and equitable grounds necessary.
Court Disposition
petition granted
Orders
- Silver Base Group Holdings Ltd is to be wound up on just and equitable grounds
Full Case Text
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