Issuance of Demand Notice on Registered Email Address of Corporate Debtor is Sufficient u/s 8 of IBC: NCLAT

The National Company Law Appellate Tribunal (NCLAT) has validated the service of demand notices under Section 8 of the Insolvency and Bankruptcy Code (IBC) through email. The tribunal ruled that delivery of such notices to a registered email address suffices to meet the legal requirements for service. This decision reinforces the acceptance of digital communication as a valid and effective mode of serving crucial legal documents in insolvency proceedings, aligning with contemporary digital compliance standards. It streamlines the process for operational creditors to initiate insolvency proceedings by simplifying the method of serving demand notices to corporate debtors.