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Judgment

In the Matter of Energicon Holdings (Caymans) ( In Official Liquidation)

FSD 0273 OF 2020 (IKJ) · 2022-Dec-02

Application by official liquidators for sanction of proposed sale of shares in two subsidiaries and for approval of remuneration-notice of application given to creditors-written opposition without appearance from minority creditor-refusal of application for adjournment by company unable to instruct counsel because of international sanctions-need to consider merits of minority creditor s objections-right of access to the court- Companies Act (2022 Revision) section 109(1)-Cayman Islands Constitution, section 7-Companies Winding Up and Restructuring Rules Order 11 rule 3

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