An Operational Creditor can issue a notice in Form 4 to a Corporate Debtor (Company or LLP) for demanding payment of outstanding money. The issue of notice in Form 4 is a precondition for filing legal action against a Corporate Debtor.
An operational creditor before filing Bankruptcy proceeding against a corporate debtor shall issue a notice to Corporate Debtor with copy of invoice/other documentary proof demanding payment of dues within 10 days from the date of Delivery of notice.
Under Insolvency and Bankruptcy, delivery of notice is important and the rules mandate serving of notice at registered office of the Corporate Debtor by hand, registered post or speed post with acknowledgement due. Operational Creditor can also service notice by electronic mail service to a whole time director or designated partner or key managerial personnel,if any, of the corporate debtor.
It is easy to create a notice using our platform. After making payment, you will be directed to interview page and you can supply informations for generation of documents. Once interview is over, create document and it ready for serve.
The notice template we use for Form 4 under IBC is upto date and without further reference, you can use the document for service to Corporate Debtor
Form 4 notice is a cover letter attached invoice demanding payment. This notice is used when invoice issue by Operational Creditor is pending for payment.
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