FORM OF DEMAND NOTICE - Application to Adjudicating Authority for Insolvency Resolution Process

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..... btors) Rules, 2019] [ Date ] To [ Name and address of the guarantor ] From [ Name and address of the creditor ] Subject: Demand notice in respect of unpaid debt in default due from [corporate debtor ] under the Code. Madam/Sir, This letter is a demand notice of unpaid debt in d .....

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..... 6. Secured debt including particulars of security held, the date of its creation, its estimated value as per the creditor (as applicable), and details of securities 7. Unsecured debt (as applicable) 8. .....

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..... 12. Provision of law, contract or other document under which debt has become due (attach a copy) 13. A statement of bank account where deposits are made or credits received normally by the creditor in respect of the debt of the corporate debtor, from the date .....

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..... received the payment. 4. The undersigned request you to unconditionally pay the unpaid debt in default in full within fourteen days from the receipt of this letter failing which insolvency resolution process, under the Code, shall be initiated against you Yours sincerely, Signature of creditor/person authorised to act on behalf .....

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