Judgment
In the Matter of Polarcus Limited - Reasons for Decision
[2022] CIGC (FSD) 31
· FSD 0031/2021 (IKJ) · 2022-07-06
Application for declarations as to the legal authority of company in liquidation to enter into an acquisition transaction-jurisdiction of Grand Court to grant declaratory relief in winding-up proceedings-Grand Court Act (2015 Revision), sections 11(2), 19(3)-Companies Act (2022 Revision) sections 110(1), 155(1)(a)- Companies (Winding Up) Rules 2018, Grand Court Rules Order 15 rule 16. Insolvency and Restructuring; Company Law; Civil Procedure; Judicial Powers and Remedies; Statutory Interpretation
Full metadata
| Neutral Citation | [2022] CIGC (FSD) 31 |
|---|---|
| Cause Number | FSD 0031/2021 (IKJ) |
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Polarcus Limited - Reasons for Decision |
| Judgment Date | 2022-07-06 |
| Subject | Application for declarations as to the legal authority of company in liquidation to enter into an acquisition transaction-jurisdiction of Grand Court to grant declaratory relief in winding-up proceedings-Grand Court Act (2015 Revision), sections 11(2), 19(3)-Companies Act (2022 Revision) sections 110(1), 155(1)(a)- Companies (Winding Up) Rules 2018, Grand Court Rules Order 15 rule 16. Insolvency and Restructuring; Company Law; Civil Procedure; Judicial Powers and Remedies; Statutory Interpretation |
| Filename (current) | 22-07-06-In-the-Matter-of-Polarcus-Limited.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 110, 110 (3), 129 | 11 |
| Grand Court Act | 11 (1), 11(2), 18 (2) | 6 |
| Companies Winding Up Rules (subordinate) | — | 3 |
| Grand Court Rules - Vol I - Orders (subordinate) | — | 2 |
| Insurance Act | 24(2)(h) | 2 |
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