Case Law Analysis
|National Company Law Appellate Tribunal
Advance payments for undelivered goods qualify as operational debt under Section 9 IBC | FedEx service of demand notice satisfies procedural requirement : NCLAT
NCLAT ruled that advance payments for undelivered goods qualify as operational debt under Section 9 of the IBC, and that a demand notice sent via FedEx meets procedural requirements if delivery is proven. The decision expands creditors ability to trigger insolvency proceedings and validates courier based notice service.