IN THE LIQUIDATION OF POWERGLOBE LLC [2021] QIC (F) 19 (04 August 2021)

IN THE LIQUIDATION OF POWERGLOBE LLC [2021] QIC (F) 19 (04 August 2021)

The court found that Powerglobe LLC met the statutory grounds for liquidation and ordered its winding up.

Citation
[2021] QIC (F) 19
Parties
Company in Liquidation: Powerglobe LLC
Jurisdiction
Qatar
Judgment Date
04 August 2021
Procedural Posture
Liquidation Proceedings / Judgment
Outcome
company ordered to be wound up
Legal Topics
Liquidation, Winding Up of Company
Insolvency Corporate Law Liquidation Winding Up of Company

Case Brief

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Parties

Powerglobe LLC

Company in Liquidation

Procedural Posture

Liquidation Proceedings / Judgment

Legal Issues

  1. 1 Whether Powerglobe LLC should be wound up and liquidated under applicable law

Ratio Decidendi

The court found that Powerglobe LLC met the statutory grounds for liquidation and ordered its winding up.

Court Disposition

company ordered to be wound up

Orders

  • Powerglobe LLC is to be wound up and liquidated under the supervision of the court