The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy
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Information of default procedures: utilities must authenticate defaults, notify debtors with reminders and colour-coded status updates. An amendment requires information utilities to pay a prescribed annual fee within fifteen days of the financial year start, with an exemption in the year of registration or renewal and interest on late payment; raises a specified age limit to seventy-five years; and prescribes a structured process for authentication of information of default including delivery to the debtor, three reminders with specified response windows, permitted delivery channels, three possible authentication outcomes with colour-coded statuses, and communication of those statuses to registered creditors and parties.
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 of default procedures: utilities must authenticate defaults, notify debtors with reminders and colour-coded status updates.
An amendment requires information utilities to pay a prescribed annual fee within fifteen days of the financial year start, with an exemption in the year of registration or renewal and interest on late payment; raises a specified age limit to seventy-five years; and prescribes a structured process for authentication of information of default including delivery to the debtor, three reminders with specified response windows, permitted delivery channels, three possible authentication outcomes with colour-coded statuses, and communication of those statuses to registered creditors and parties.
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