Submission of Financial Information to Information Utilities

According to Insolvency and Bankruptcy Code (IBC), 2016, a financial creditor shall submit information on financial parameters and assets on which security interest has been created, to an information utility (IU).

The Insolvency and Bankruptcy Board of India (IBBI) has registered National E-Governance Services Limited (NeSL) as the first IU under the IBBI (IUs) Regulations.

All regulated creditors are advised to immediately put in place systems and procedures to ensure compliance.

Based on RBI notification dt 19/12/2017. For ant further clarification, please visit www.rbi.org.in