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
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