Breaking: IBC-Lawyer Can Issue Demand Notice Of Unpaid Operational Debt On Behalf Of Operational Creditor: SC [Read Judgment]

Also holds Section 9(3)(c) of the Insolvency and Bankruptcy Code is not mandatory for initiating insolvency proceedings.Answering two important issues of the Insolvency and Bankruptcy Code, the Supreme Court, in Macquarie Bank Limited vs Shilpi Cable Technologies Ltd, has held that a lawyer on behalf of the operational creditor can issue a demand notice of an unpaid operational debt. The...