In re Lydian Intl. [2020] 1 JLR 65 (17 March 2020)
- Citation
- [2020] 1 JLR 65
- Status
- Judgment
- Jurisdiction
- Jersey
- Posture
- Corporate Insolvency / Judgment
More details
- Posture
- Corporate Insolvency / Judgment
On this page
Professional case brief
Research organized from the available case record
01
Holding and result
The court found that Lydian International Ltd. was insolvent and unable to pay its debts, justifying winding up.
Court disposition
company ordered to be wound up
Orders
- Lydian International Ltd. is to be wound up under the relevant insolvency provisions
02
Material facts
Parties
Lydian International Ltd.
Applicant03
Procedural history
Posture
Corporate Insolvency / Judgment
04
Questions and positions
Legal issues
Whether Lydian International Ltd. should be wound up under insolvency proceedings
Party arguments
- Applicant
- Applicant seeks winding up due to insolvency and inability to pay debts.
- Respondent
- No respondent arguments recorded.
05
Court’s reasoning
Legal principles
- 01
Insolvency Act
A company may be wound up if it is unable to pay its debts.
06
Ratio, limits and disposition
Ratio decidendi
The court found that Lydian International Ltd. was insolvent and unable to pay its debts, justifying winding up.
Court disposition
company ordered to be wound up
- Lydian International Ltd. is to be wound up under the relevant insolvency provisions
Source and reliance status
Official court record
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Judgment reading view
Judgment text
The complete available source text.
Court record
Judgment
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