Delivery Of Demand Notice To Last Known Address Of Personal Guarantor Shall Be Deemed Valid Service U/S 95(4) Of IBC: NCLAT

NCLAT has ruled that delivery of a demand notice to the last known address of a personal guarantor shall be deemed valid service under Section 95(4) of the IBC. This decision clarifies the service of demand notices under the IBC. The tribunal's ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.