In the matter of Baosheng Media Group Holdings - Judgment [2024] CIFSd 119 (30 October 2024)
The court found that Baosheng Media Group Holdings was unable to pay its debts and that the statutory grounds for winding up were satisfied.
- Citation
- [2024] CIFSd 119
- Parties
- Subject Company: Baosheng Media Group Holdings
- Jurisdiction
- Cayman Islands
- Judgment Date
- 30 October 2024
- Procedural Posture
- Winding Up Petition / Judgment
- Outcome
- petition granted
- Legal Topics
- Winding Up, Insolvency, Company Law
Case Brief
Summary, issues, holding and outcome
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Parties
Baosheng Media Group Holdings
Subject Company
Procedural Posture
Winding Up Petition / Judgment
Legal Issues
- 1 Whether Baosheng Media Group Holdings should be wound up under the Companies Act
Ratio Decidendi
The court found that Baosheng Media Group Holdings was unable to pay its debts and that the statutory grounds for winding up were satisfied.
Court Disposition
petition granted
Orders
- Baosheng Media Group Holdings is ordered to be wound up.
- The Official Liquidator is appointed.
Full Case Text
Judgment text and source record
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