Responding to a winding-up petition: a guide for companies | Practical Law
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.