Q&As

How does a company apply to court to restrain a creditor from presenting a winding-up petition against it?

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Published by a LexisNexis Restructuring & Insolvency expert
Published on: 04 October 2023
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Under Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 7.24 it is possible for a company to apply to the court to restrain a creditor from presenting a winding-up petition.

A company may do so if it is aware that a winding-up petition is likely to be presented against it (if it has received a statutory demand, for example) and it wishes to avoid

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Jurisdiction(s):
United Kingdom

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