In the matter of Shinsun Holdings (Group) Co. Ltd [2023] CIFsd 5 (27 January 2023)
The court found that the company was unable to pay its debts and that the statutory grounds for winding up were satisfied.
- Citation
- [2023] CIFsd 5
- Parties
- Company: Shinsun Holdings (Group) Co. Ltd
- Jurisdiction
- Cayman Islands
- Judgment Date
- 27 January 2023
- Procedural Posture
- Winding Up Petition / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Corporate Insolvency
Case Brief
Summary, issues, holding and outcome
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Parties
Shinsun Holdings (Group) Co. Ltd
Company
Procedural Posture
Winding Up Petition / Judgment
Legal Issues
- 1 Whether Shinsun Holdings (Group) Co. Ltd should be wound up under the Companies Act
Ratio Decidendi
The court found that the company was unable to pay its debts and that the statutory grounds for winding up were satisfied.
Court Disposition
petition granted
Orders
- The company is ordered to be wound up.
Full Case Text
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