Free Resource

Section 9 Readiness

For operational creditors — the same readiness check, adapted for the demand notice and dispute-check requirements under Section 9.

Version: v1.0 Last Reviewed: 28 July 2026 Scope: General guidance under the Insolvency and Bankruptcy Code, 2016 (as amended); not a substitute for case-specific advice
Please note: This resource provides general educational information about the Insolvency and Bankruptcy Code, 2016, as it generally stands. It does not review your specific facts, does not constitute legal advice, and does not create an advocate-client relationship. Insolvency law is procedurally strict and time-sensitive — for guidance specific to your situation, please book a consultation.
1. Do you have documentary proof of an operational debt (invoices, purchase orders, delivery records)?
2. Have you sent a demand notice to the corporate debtor in the prescribed form?
3. Has the statutory waiting period since the demand notice expired without payment or a notice of dispute?
4. Do you have proof of non-payment (bank certificate or equivalent), where applicable?
5. Does the claimed amount meet the minimum threshold currently prescribed under the Code?
6. Have you checked for any pre-existing dispute — litigation, arbitration, or correspondence disputing the debt — raised before the demand notice?
7. Have you identified a proposed Insolvency Resolution Professional, if required for your application?
8. Do you have clear proof of delivery or acknowledgment of the demand notice?
9. Have you confirmed the corporate debtor hasn't already commenced insolvency proceedings elsewhere?
10. Has your application been reviewed by counsel before filing?

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