
Preheat the oven to 160°C/325°F. Grease a 10-inch bundt pan generously with cooking spray and set aside.
Cream the butter and sugar at high speed in a stand mixture until fluffy and starts looking white, about 3 minutes. Add the condensed milk and beat for another minute.
Stir in the eggs, one at a time, beating the mixture well between each addition. Sift the flour and baking powder into the batter, and then add the zest, lime juice, nutmeg, and vanilla extract.
Stir until everything is thoroughly combined, scraping down the sides of the mixing bowl as you mix.
Pour the batter into the greased cake pan. Tap it on your work surface to eliminate air bubbles.
Bake at 325℉ (160℃) until a tester inserted into the center comes out clean (45–50 minutes). Then, transfer it to a wire rack to cool.
Sprinkle the cake with powdered sugar and serve it with whipped cream and strawberries.