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of <h1>Operational creditor demands payment from corporate debtor; warns of insolvency proceedings under Section 9 if unpaid in 10 days.</h1> A notice from the operational creditor is addressed to the corporate debtor, demanding payment of an outstanding amount specified in the attached invoice. The notice warns that if the debt is not repaid within ten days of receipt, the operational creditor may file an application with the Adjudicating Authority to initiate a corporate insolvency resolution process under section 9 of the Insolvency and Bankruptcy Code. The notice includes the signature, name, position, and address of the authorized person acting on behalf of the operational creditor.
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