In the matter of Madera Technology Fund (CI) Ltd [2022] CIFsd 36 (04 May 2022)

In the matter of Madera Technology Fund (CI) Ltd [2022] CIFsd 36 (04 May 2022)

The court found that Madera Technology Fund (CI) Ltd was unable to pay its debts and ordered its winding up under the Companies Act.

Citation
[2022] CIFsd 36
Parties
Subject Company: Madera Technology Fund (CI) Ltd
Jurisdiction
Cayman Islands
Judgment Date
04 May 2022
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Solvency, Fund Management

Case Brief

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Parties

Madera Technology Fund (CI) Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

  1. 1 Whether Madera Technology Fund (CI) Ltd should be wound up under the Companies Act

Ratio Decidendi

The court found that Madera Technology Fund (CI) Ltd was unable to pay its debts and ordered its winding up under the Companies Act.

Court Disposition

winding up order granted

Orders

  • Madera Technology Fund (CI) Ltd is to be wound up under the Companies Act