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Responding to a winding-up petition: a guide for companies
Practical Law UK Practice Note 9-383-1161 (Approx. 36 pages)
Responding to a winding-up petition: a guide for companies
This note is a practical guide for companies that receive a winding-up petition. A winding-up petition may have serious consequences for a company and it is crucial that its directors promptly take appropriate action. Among the issues considered are validation orders, injunctions to prevent a petition being advertised, the consequences of paying the petition debt, and the grounds on which a petition can be challenged.
Note: The remaining temporary measures that were introduced in response to the COVID-19 pandemic expired without renewal on 31 March 2022. See Legal update, Remaining temporary insolvency measures will expire on 31 March 2022.
Other restrictions on winding-up and bankruptcy petitions concerning COVID-related arrears of commercial rent continue to apply under the Commercial Rent (Coronavirus) Act 2022. See Practice note, COVID-19: Commercial Rent (Coronavirus) Act 2022: rent arbitration and the implications for enforcement.
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