Judgment
In re Caribbean Island Developments Ltd - Ruling
FSD 0247/2010 (AJJ) · 2011-02-07
Creditor’s winding‑up petition; statutory demand and deemed insolvency under s.93; defective advertisement under CWR O.3 r.6 and discretion to waive re‑advertisement; withdrawal of petition after settlement terms; consideration of class‑rights and potential substitution of similarly situated purchasers; assignment of contract to nominee pending investor recapitalization
Full metadata
| Cause Number | FSD 0247/2010 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | In re Caribbean Island Developments Ltd - Ruling |
| Judgment Date | 2011-02-07 |
| Subject | Creditor’s winding‑up petition; statutory demand and deemed insolvency under s.93; defective advertisement under CWR O.3 r.6 and discretion to waive re‑advertisement; withdrawal of petition after settlement terms; consideration of class‑rights and potential substitution of similarly situated purchasers; assignment of contract to nominee pending investor recapitalization |
| Filename (current) | 11-02-07-Caribbean-Island-Developments-Ltd-In-re.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 93 | 2 |
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