In the Matter of Asia Renewable Energy (Cayman) Ltd - Judgment [2024] CIFSd 48 (02 May 2024)

In the Matter of Asia Renewable Energy (Cayman) Ltd - Judgment [2024] CIFSd 48 (02 May 2024)

The company is unable to pay its debts and no opposition was raised; therefore, the statutory grounds for winding up are satisfied.

Citation
[2024] CIFSd 48
Parties
Subject Company: Asia Renewable Energy (Cayman) Ltd
Jurisdiction
Cayman Islands
Judgment Date
02 May 2024
Procedural Posture
Winding Up Petition / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Insolvency, Corporate Restructuring
Company Law Insolvency Winding Up Corporate Restructuring

Case Brief

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Parties

Asia Renewable Energy (Cayman) Ltd

Subject Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether Asia Renewable Energy (Cayman) Ltd should be wound up under the Companies Act

Ratio Decidendi

The company is unable to pay its debts and no opposition was raised; therefore, the statutory grounds for winding up are satisfied.

Court Disposition

winding up order granted

Orders

  • Asia Renewable Energy (Cayman) Ltd is ordered to be wound up by the court.
  • The Official Liquidator is appointed.