Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT

The NCLAT has ruled that a demand notice delivered to the last known address of a personal guarantor is a valid service under Section 95(4) of the IBC. This decision clarifies the service of demand notices in personal guarantee cases. The ruling ensures that guarantors cannot evade liability by claiming non-receipt of notices. The judgment strengthens the enforcement of personal guarantees under the IBC. This decision streamlines the insolvency process by establishing clear guidelines for service of notices. This ruling provides legal certainty and protects the interests of creditors.