Information utility acceptance and default filing framework governs receipt, identification, authentication, and record of default processing. An information utility must accept information submitted by a user in the format notified by the Board, assign a unique identifier on receipt, acknowledge receipt, and notify the user of the identifier, authentication and verification conditions, and the manner of access by other parties. Before initiating corporate insolvency resolution process under section 7 or 9, a creditor must file information of default with the information utility, which must process it for issuance of a record of default.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Information utility acceptance and default filing framework governs receipt, identification, authentication, and record of default processing.
An information utility must accept information submitted by a user in the format notified by the Board, assign a unique identifier on receipt, acknowledge receipt, and notify the user of the identifier, authentication and verification conditions, and the manner of access by other parties. Before initiating corporate insolvency resolution process under section 7 or 9, a creditor must file information of default with the information utility, which must process it for issuance of a record of default.
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