In the Matter of Xingxuan Technology Ltd - Judgment [2024] CIFsd 105 (09 September 2024)

The court found that the company was unable to pay its debts and that no opposition was made to the petition. The statutory requirements for winding up were satisfied.

Citation: [2024] CIFsd 105
Parties: Company: Xingxuan Technology Ltd
Jurisdiction: Cayman Islands
Judgment Date: 09 September 2024
Procedural Posture: Winding Up Petition / Judgment
Outcome: petition granted
Legal Topics: Winding Up, Corporate Insolvency

Company Law Insolvency Winding Up Corporate Insolvency

Case Brief

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Parties

Xingxuan Technology Ltd

Company

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

1 Whether Xingxuan Technology Ltd should be wound up under the Companies Law

Ratio Decidendi

The court found that the company was unable to pay its debts and that no opposition was made to the petition. The statutory requirements for winding up were satisfied.

Court Disposition

petition granted

Orders

Xingxuan Technology Ltd is ordered to be wound up by the court
The Official Liquidator is appointed