8. We have written to the creditor who served a written demand on us asking him to withdraw the demand but there is no reply from him. 21 days have passed and we fear that a petition may be presented at any moment. What are the company's options?
You can apply to the Court for an injunction restraining the creditor from presenting a petition. However, you must have substantial grounds, and be able to show that there is a genuine dispute against the claim before an injunction will be granted.