Jai Prakash Bansal, a shareholder of Dayal Commercial Co. Pvt. Ltd., filed an appeal against the order of the National Company Law Tribunal (NCLT), Kolkata Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Agarwal Alloys, an operational creditor. The NCLT admitted the application because the corporate debtor failed to pay the amount due. The appellant argued that there was no document or demand notice supporting the claim. However, the NCLAT found that the operational creditor had enclosed the ledger account, the 'confirmation of accounts' of the corporate debtor dated August 22, 2015, and the Demand Notice dated November 15, 2016. The Demand Notice under Section 8(1) was issued on September 14, 2017. The

Jai Prakash Bansal, a shareholder of Dayal Commercial Co. Pvt. Ltd., filed an appeal against the order of the National Company Law Tribunal (NCLT), Kolkata Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Agarwal Alloys, an operational creditor. The NCLT admitted the application because the corporate debtor failed to pay the amount due. The appellant argued that there was no document or demand notice supporting the claim. However, the NCLAT found that the operational creditor had enclosed the ledger account, the 'confirmation of accounts' of the corporate debtor dated August 22, 2015, and the Demand Notice dated November 15, 2016. The Demand Notice under Section 8(1) was issued on September 14, 2017. The