In the matter of Harvey River Estate Pty Ltd - Judgment [2024] CIFsd 26 (14 March 2024)

The court found that the company was unable to pay its debts and that it was just and equitable to wind up the company, satisfying the statutory grounds for a winding up order.

Citation: [2024] CIFsd 26
Parties: Subject Company: Harvey River Estate Pty Ltd
Jurisdiction: Cayman Islands
Judgment Date: 14 March 2024
Procedural Posture: Company Matter / Judgment
Outcome: winding up order granted
Legal Topics: Winding Up, Liquidation, Cross Border Insolvency

Company Law Insolvency Winding Up Liquidation Cross Border Insolvency

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Parties

Harvey River Estate Pty Ltd

Subject Company

Procedural Posture

Company Matter / Judgment

Legal Issues

1 Whether Harvey River Estate Pty Ltd should be wound up under the Companies Act
2 Whether the statutory grounds for winding up are satisfied

Ratio Decidendi

The court found that the company was unable to pay its debts and that it was just and equitable to wind up the company, satisfying the statutory grounds for a winding up order.

Court Disposition

winding up order granted

Orders

Harvey River Estate Pty Ltd is ordered to be wound up in accordance with the Companies Act.
The Official Liquidator is appointed to take charge of the company's affairs.