In the matter of Aubit International - Judgment [2023] CIFsd 82 (04 October 2023)

The court found that Aubit International was unable to pay its debts and that the statutory grounds for winding up were satisfied.

Citation: [2023] CIFsd 82
Parties: Subject Entity: Aubit International
Jurisdiction: Cayman Islands
Judgment Date: 04 October 2023
Procedural Posture: Winding Up Petition / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Corporate Insolvency

Insolvency Corporate Law Winding Up Liquidation Corporate Insolvency

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Parties

Aubit International

Subject Entity

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Aubit International should be wound up under the Companies Act

Ratio Decidendi

The court found that Aubit International was unable to pay its debts and that the statutory grounds for winding up were satisfied.

Court Disposition

winding up order granted

Orders

Aubit International is ordered to be wound up by the court.
Official liquidators to be appointed.