In the matter of Adenium Energy Capital Ltd - Judgment [2023] CIFsd 68 (30 August 2023)

The company is unable to pay its debts and it is just and equitable to wind up the company and appoint liquidators.

Citation: [2023] CIFsd 68
Parties: Subject Company: Adenium Energy Capital Ltd
Jurisdiction: Cayman Islands
Judgment Date: 30 August 2023
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

Adenium Energy Capital Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

1 Whether Adenium Energy Capital Ltd should be wound up
2 Whether liquidators should be appointed

Ratio Decidendi

The company is unable to pay its debts and it is just and equitable to wind up the company and appoint liquidators.

Court Disposition

petition granted

Orders

Adenium Energy Capital Ltd is wound up
Joint official liquidators are appointed