Is it mandatory to serve demand notice on corporate debtor?
Demand notice means a notice served by an operational creditor to the corporate debtor demanding repayment of the operational debt in respect of which the default has occurred.
Demand notice means a notice served by an operational creditor to the corporate debtor demanding repayment of the operational debt in respect of which the default has occurred.
The Supreme Court of India in Mobilox Innovations Private Limited v Kirusa Software Private Limited has finally settled the widely debated question of what constitutes “existence of a dispute”.
In this article we have discussed about the procedures of filing a case before NCLT and the required documents.
A detailed article on NCLT and DRT and the difference between them and how can corporate bodies approach NCLT against their borrowers/debtors.
Goods and Services Tax (GST) was implemented in July 2017. Since then the government is trying to make changes in the GST law to simplify procedures and provide ease to the business based on the recommendations. Some of the recommendations made by the GST panel to Finance Secretary are mentioned as under: Reverse Charge Mechanism … Continue reading “Recommendations made by GST Panel to Finance Secretary”