Demand notice of unpaid operational debt can be issued by a lawyer on behalf of operational creditor: SC

In this case Hon;ble Supreme Court held that  Section 9(3)(c) of Insolvency and Bankruptcy Code is mandatory for initiating insolvency proceedings and a demand notice of an unpaid operational debt can be issued by a lawyer on behalf of the operational creditor. FULL TEXT OF THE SUPREME COURT JUDGEMENT / ORDER IS AS FOLLOWS:- 1. The present appeals raise two important questions which arise under the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “Code”). The first question is whether, in relation to an operational debt, the provision contained in Section 9(3)(c) of t...