In the matter of MTBL Global Fund - Judgment

Application to restore company to the register and to make a winding up order on restoration - the petitioner had previously brought proceedings against the company in Singapore – the company was struck off thereby preventing the petitioner from continuing those proceedings - the company’s management failed to take steps to restore the company to the register – the petitioner sought restoration to enable it to continue the proceedings and a winding up order to ensure that company would not be struck off again – the company’s management did not oppose the relief sought - whether the petitioner had standing to present the winding up petition and whether a winding up order should be made in the circumstances particularly where the petitioner’s claims were disputed in the Singapore proceedings and having regard to the need to avoid a winding up order stifling the company’s defence of those proceedings. Corporate Insolvency; Investment Funds Law; Cross-Border Insolvency