Demand notice u/s. 95(4) of IBC sent to last known address is valid service of notice

Paresh Rastogi Vs Omkara Assets Reconstruction Pvt. Ltd. (NCLAT Delhi)

NCLAT Delhi held that demand notice issued u/s. 95(4) of the Insolvency and Bankruptcy Code, 2016 [IBC] when sent to last known address as stipulated in Guarantee Deed is valid service of notice under established legal principles. Accordingly, appeals dismissed.

Facts- Vide the present appeal it is mainly contended that the Adjudicating Authority erroneously issued the Impugned Order on 19.09.2024 without considering settled legal principles and in contravention of the mandatory provision

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