In the Matter of the Desastre of Royco Investment Company Limited [1994] JRC 129 (27 June 1994)

In the Matter of the Desastre of Royco Investment Company Limited [1994] JRC 129 (27 June 1994)

Royco Investment Company Limited was unable to pay its debts, satisfying the statutory criteria for a declaration of desastre.

Citation
[1994] JRC 129
Parties
Debtor: Royco Investment Company Limited; Official Receiver: Viscount of Jersey
Jurisdiction
Jersey
Judgment Date
27 June 1994
Procedural Posture
Desastre Proceedings / Judgment
Outcome
company declared in a state of desastre
Legal Topics
Desastre, Company Liquidation
Insolvency Desastre Company Liquidation

Case Brief

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Parties

Royco Investment Company Limited

Debtor

Viscount of Jersey

Official Receiver

Procedural Posture

Desastre Proceedings / Judgment

Legal Issues

  1. 1 whether Royco Investment Company Limited should be declared in a state of desastre

Ratio Decidendi

Royco Investment Company Limited was unable to pay its debts, satisfying the statutory criteria for a declaration of desastre.

Court Disposition

company declared in a state of desastre

Orders

  • Royco Investment Company Limited is declared in a state of desastre
  • Viscount of Jersey appointed as official receiver