Judgment
In the matter of Direct Lending Income Feeder Fund, Ltd - Judgment on CMC
[2022] CIGC (FSD) 108
· FSD 0108/2019 (NSJ) · 2022-11-10
Case management directions; Misrepresentation claims and priority; Ranking of investor claims; Whether subscription contracts for Late Subscribers were completed; Interaction of Late Redeemers, Late Subscribers, and Unredeemed Investors; Whether proceedings should be structured as inter partes with representation orders; Costs regime under CWR O.24 r.9; Preliminary issue regarding creditor status of Late Redeemers. Insolvency; Company Law; Investment Funds; Civil Procedure; Costs
Full metadata
| Neutral Citation | [2022] CIGC (FSD) 108 |
|---|---|
| Cause Number | FSD 0108/2019 (NSJ) |
| Court | CIGC (FSD) |
| Judge | Segal J |
| Parties | In the matter of Direct Lending Income Feeder Fund, Ltd - Judgment on CMC |
| Judgment Date | 2022-11-10 |
| Subject | Case management directions; Misrepresentation claims and priority; Ranking of investor claims; Whether subscription contracts for Late Subscribers were completed; Interaction of Late Redeemers, Late Subscribers, and Unredeemed Investors; Whether proceedings should be structured as inter partes with representation orders; Costs regime under CWR O.24 r.9; Preliminary issue regarding creditor status of Late Redeemers. Insolvency; Company Law; Investment Funds; Civil Procedure; Costs |
| Filename (current) | 22-11-10-In-the-matter-of-Direct-Lending-Income-Feeder-Fund-Ltd.-IOL.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 37(7), 49(g) | 6 |
| Contracts Act | 14 | 2 |
| Companies Winding Up Rules (subordinate) | — | 1 |
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