Sample Demand Notice – Form 3

 [On the letterhead of the Operational Creditor]

Form 3  

(See sub-rule (1) of rule 5)

To,  

[Name of the Corporate Debtor]  

[Address]  

Subject: Demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016

Dear Sir/Madam,

1. This is to inform you that as an operational creditor, we are initiating a corporate insolvency resolution process against you in respect of the following unpaid operational debt:

   - Amount of Debt: ₹ [Insert amount]

   - Date of default: [Insert date]

   - Nature of transaction: [Goods supplied / Services rendered]

2. The debt has not been repaid despite repeated reminders. Particulars of the debt including invoices and transaction details are annexed herewith.

3. You are hereby called upon to repay the unpaid amount mentioned above within 10 (ten) days from the date of receipt of this notice, failing which we shall file an application under Section 9 of the IBC before the National Company Law Tribunal.

4. Please take notice that if you have any pre-existing dispute relating to this debt, you must bring it to our attention in writing within the said 10 days.

Yours faithfully,  

[Name]  

[Designation]  

[Name of Operational Creditor]  

[Address]  

[Email / Contact No.]

**Enclosures**:  

- Copy of invoices  

- Bank statements  

- Proof of delivery of goods / services