DEMAND NOTICE FOR PAYMENT OF OPERATIONAL DEBT, UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016
Dear Sirs,
5. We state that, to our knowledge, no dispute about this debt was raised by the Company before this notice, whether by a notice, a reply, a suit or arbitration proceeding, and that the Company has accepted the goods or services and the invoices without objection. If this is wrong, the Company must say so as the next paragraph requires.
7. If, within the same ten days, the Company has a real dispute about the debt that existed before this notice, or has already paid, it must tell us in writing within that time, with the proof: the notice of any dispute, a suit or arbitration already begun, or the record of payment. Otherwise we shall apply to the National Company Law Tribunal to begin the corporate insolvency resolution process against the Company, and shall ask for all costs.
8. This notice is sent for the purpose stated in the Code. The form prescribed for a demand notice under the Code and its rules, with the particulars below, is filled and enclosed where the rules require it. This notice is without prejudice to all our other rights, which are reserved. A copy of the invoices, the proof of delivery and the statement of account are enclosed.
Yours faithfully,
__________ For __________ Signature: ______________________________
ANNEXURE: PARTICULARS OF THE DEBT
(These particulars are set out in the order the prescribed form asks, to be copied into it where it is used.)