In the matter of Shinsun Holdings (Group) Co. Ltd [2023] CIFsd 5 (27 January 2023)

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

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Parties

Shinsun Holdings (Group) Co. Ltd

Company

Procedural Posture

Winding Up Petition / Judgment

  1. 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.