Judgment
In the Matter of Grand State Investments Limited
FSD 0011 OF 2021 (RPJ) · 2021-Apr-28
Application to wind up company - ss92,93 and 94 of Companies Law (2021 Revision) - construction of redemption procedure under Shareholders Agreement - bona fide dispute on substantial grounds- definition of debt- strike out as an abuse of process - application to appoint JPLs-s.104 (2) of Companies law (2021 revision) prima facie case that a winding up order is likely to be granted- necessary to prevent dissipation of misuse of company assets and mismanagement - stay- section 4 Foreign Arbitral Awards Enforcement Act (1997 Revision).
Full metadata
| Cause Number | FSD 0011 OF 2021 (RPJ) |
|---|---|
| Court | Grand Court |
| Judgment Date | 2021-Apr-28 |
| Subject | Application to wind up company - ss92,93 and 94 of Companies Law (2021 Revision) - construction of redemption procedure under Shareholders Agreement - bona fide dispute on substantial grounds- definition of debt- strike out as an abuse of process - application to appoint JPLs-s.104 (2) of Companies law (2021 revision) prima facie case that a winding up order is likely to be granted- necessary to prevent dissipation of misuse of company assets and mismanagement - stay- section 4 Foreign Arbitral Awards Enforcement Act (1997 Revision). |
| Category | Financial Services Division |
| Filename (current) | 6B7O582KRMIE1F8228776067D491214C63EAA66814A4C62D32AE.pdf |
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