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<h1>Demand notice by operational creditor requires corporate debtor to prove dispute or payment within the prescribed period.</h1> Section 8 allows an operational creditor to serve a demand notice or invoice to a corporate debtor on default, in prescribed form and manner. The corporate debtor must, within ten days of receipt, inform the operational creditor of the existence of a dispute and any pre existing suit or arbitration, or provide attested proof of payment by electronic transfer or evidence that a cheque issued has been encashed. The provision defines 'demand notice' as a notice demanding payment of the operational debt in respect of which default occurred.