Demand Notice under Section 8, IBC, 2016
WITHOUT PREJUDICE
Date: [Date]
To,
[Recipient name] (Corporate Debtor),
[Full address]
Subject: Demand notice / invoice demanding payment of unpaid operational debt of Rs. [Amount].
On behalf of my client, [Sender name] (Operational Creditor), I serve you the following notice:
1. That my client supplied goods/rendered services to you, in respect of which a sum of Rs. [Amount] became due and payable vide invoice No. [invoice no.] dated [date].
2. That the said amount constitutes an "operational debt" within the meaning of Section 5(21) of the Insolvency and Bankruptcy Code, 2016, which has fallen due and remains unpaid despite reminders.
3. That there exists no pre-existing dispute regarding the said debt, and you have neither paid the amount nor raised any bona fide dispute in respect thereof.
4. This notice is issued in Form 3/4 under Section 8 of the IBC, 2016. You are called upon to pay the unpaid operational debt of Rs. [Amount] within 10 days of receipt hereof, failing which my client shall initiate corporate insolvency resolution proceedings against you under Section 9 before the NCLT.
[Advocate name], Advocate
Counsel for [Sender name]
[Enrolment No. / Address]