IBC | Financial Creditor Can Submit Claim Even If There Is No Default Of Debt : Supreme Court

The Kerala High Court ruled that a notice issued against a deceased person is invalid, and participation of the legal heirs in proceedings does not make it valid. The case concerned a situation where tax proceedings were initiated against a person who had passed away. The court held that any proceedings initiated against a deceased person were void, regardless of the legal heirs' involvement. This ruling emphasizes the legal requirement that notices must be issued to living individuals or their representatives, ensuring that procedural fairness is maintained in legal and tax proceedings.