RP Required to Confirm Demand Notice Service before Admitting to Adjudicating Authority: NCLT

The National Company Law Tribunal (NCLT) ruled that Resolution Professionals (RPs) must confirm service of demand notices before admitting cases to the adjudicating authority. This requirement ensures that due process is followed in insolvency proceedings and that stakeholders are adequately informed. The ruling underscores the procedural rigor needed in insolvency cases to protect the interests of creditors and debtors alike.