Corporate Insolvency, Restructuring & Winding Up

Financial distress and corporate insolvency require decisive courtroom representation to preserve value. ZCA LEGAL represents institutional creditors and distressed corporations before the High Court Division sitting as the Company Bench under Sections 234 to 340 of the Companies Act 1994.

Core Insolvency Services

• Statutory Demand Notices (Section 242): Drafting and serving formal 21-day statutory demands on defaulting companies unable to service debts.
• High Court Winding-Up Petitions: Instituting formal company petitions before the High Court Company Bench to liquidate insolvent companies, appoint Provisional Liquidators, and realize corporate assets for creditors.
• Corporate Defense Against Winding Up: Defending solvent companies against malicious or disputed winding-up petitions; demonstrating bona fide debt disputes to secure immediate court dismissals with costs.
• Corporate Debt Restructuring Schemes: Negotiating court-sanctioned Schemes of Arrangement and debt restructuring plans with consortium lenders under Section 228 of the Companies Act.
• Members’ Voluntary Winding Up: Guiding solvent corporations through orderly corporate closure: drafting Declarations of Solvency, convening EGMs, appointing private liquidators, and completing RJSC dissolution filings.

Protecting Commercial Recoveries

Whether pursuing corporate liquidations or defending valuable going concerns against opportunistic litigation, our chamber delivers robust courtroom strategy.