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        IBC

        Regulation 31 - Insurance

        Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
        Chapter VI
        DUTIES OF INFORMATION UTILITIES

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        Indemnity obligations for information utilities require insurance to protect users against wrongful acts or negligence. Information utilities must establish adequate arrangements, including insurance, to indemnify users for losses caused by any wrongful act, negligence or default of the information utility, its employees, or any other person whose services are used for provision of services under the Regulations.
                          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.

                                Indemnity obligations for information utilities require insurance to protect users against wrongful acts or negligence.

                                Information utilities must establish adequate arrangements, including insurance, to indemnify users for losses caused by any wrongful act, negligence or default of the information utility, its employees, or any other person whose services are used for provision of services under the Regulations.


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