Judgment
In the Matter of Grand State Investments Limited - Judgment
[2021] CIGC (FSD) 11
· FSD 0011/2021 (RPJ) · 2021-04-28
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 or misuse of company assets and mismanagement-stay-section 4 Foreign Arbitral Awards Enforcement Act (1997 Revision). Insolvency; Company Law; Shareholder Redemption Rights; Arbitration; Civil Procedure
Full metadata
| Neutral Citation | [2021] CIGC (FSD) 11 |
|---|---|
| Cause Number | FSD 0011/2021 (RPJ) |
| Court | CIGC (FSD) |
| Judge | Parker J |
| Parties | In the Matter of Grand State Investments Limited - Judgment |
| Judgment Date | 2021-04-28 |
| 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 or misuse of company assets and mismanagement-stay-section 4 Foreign Arbitral Awards Enforcement Act (1997 Revision). Insolvency; Company Law; Shareholder Redemption Rights; Arbitration; Civil Procedure |
| Filename (current) | 21-04-28-Grand-State-Investments-Limited.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 104(2), 92 (d), 92(d), 92(d) and 93 | 10 |
| Foreign Arbitral Awards Enforcement Act | 4 | 2 |
| Companies Winding Up Rules (subordinate) | — | 1 |
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