In the matter of Torchlight Fund LP [2018] CIFsd 50 (13 September 2018)

In the matter of Torchlight Fund LP [2018] CIFsd 50 (13 September 2018)

The court found that the applicant had established sufficient grounds for the winding up of Torchlight Fund LP on a just and equitable basis and that the appointment of official liquidators was necessary to protect the interests of stakeholders.

Source-derived case information.

Citation
[2018] CIFsd 50
Parties
Subject Entity: Torchlight Fund LP
Jurisdiction
Cayman Islands
Judgment Date
13 September 2018
Procedural Posture
Winding Up Petition / Judgment
Outcome
petition granted
Legal Topics
Winding Up of Limited Partnerships, Appointment of Liquidators
Insolvency Company Law Winding Up of Limited Partnerships Appointment of Liquidators

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Parties

Torchlight Fund LP

Subject Entity

Procedural Posture

Winding Up Petition / Judgment

Legal Issues

  1. 1 Whether Torchlight Fund LP should be wound up under the Companies Law
  2. 2 Whether the appointment of official liquidators is appropriate

Ratio Decidendi

The court found that the applicant had established sufficient grounds for the winding up of Torchlight Fund LP on a just and equitable basis and that the appointment of official liquidators was necessary to protect the interests of stakeholders.

Court Disposition

petition granted

Orders

  • Torchlight Fund LP is to be wound up by the court
  • Official liquidators are appointed over Torchlight Fund LP