A creditor of a company can make an application to the court for orders winding up the company if it is insolvent. The most common basis for such an application is that the company has failed to comply with a Creditor’s Statutory Demand
Commercial Litigation
Action Required if you receive a Creditor’s Statutory Demand (“CSD”)
It is essential that you act immediately if you receive a Creditor’s Statutory Demand. DO NOT delay in seeking legal advice because the 21 day time limit is strict and…
Read More