In the matter of North Sound Pharmaceuticals Inc. - Judgment [2024] CIFsd 18 (21 February 2024)
The company is unable to pay its debts and no opposition was raised; the statutory grounds for winding up are satisfied.
- Citation
- [2024] CIFsd 18
- Parties
- Company: North Sound Pharmaceuticals Inc.
- Jurisdiction
- Cayman Islands
- Judgment Date
- 21 February 2024
- Procedural Posture
- Corporate Insolvency / Judgment
- Outcome
- winding up order granted
- Legal Topics
- Winding Up, Creditor Rights
Case Brief
Summary, issues, holding and outcome
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Parties
North Sound Pharmaceuticals Inc.
Company
Procedural Posture
Corporate Insolvency / Judgment
Legal Issues
- 1 Whether North Sound Pharmaceuticals Inc. should be wound up under the Companies Act
Ratio Decidendi
The company is unable to pay its debts and no opposition was raised; the statutory grounds for winding up are satisfied.
Court Disposition
winding up order granted
Orders
- North Sound Pharmaceuticals Inc. is ordered to be wound up.
- The Official Liquidator is appointed.
Full Case Text
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