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Cayman Compass
Petition seeks to place NCB Investments Ltd in liquidation
A petition has been filed in the Grand Court seeking to wind up NCB Investments Ltd on the grounds that it is unable to pay its debts.
According to the petition, which was filed on 9 September, a dispute arose between Quayside Holdings and Sandy Shoales (the petitioners), and NCB Investments Ltd in respect to three lots the petitioners purchased in September 2022 in Kailani – a boutique hotel currently under construction in partnership with the Curio Collection by Hilton in George Town, Grand Cayman.
The Winding Up Petition states that on 20 March 2025, the petitioners and NCB Investments Limited entered into a settlement and release agreement to settle the dispute and that NCB Investments Ltd agreed to make payments in instalments.
