Information dissemination duty: Information utilities must share public insolvency announcements promptly with creditors in ongoing proceedings. The amendment defines financial information as any public announcement made under the Code and inserts Regulation 21A requiring an information utility to disseminate every public announcement it receives or accesses, on the date of receipt or access, to its registered users who are creditors of the corporate debtor undergoing insolvency proceedings under the Code.
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 dissemination duty: Information utilities must share public insolvency announcements promptly with creditors in ongoing proceedings.
The amendment defines financial information as any public announcement made under the Code and inserts Regulation 21A requiring an information utility to disseminate every public announcement it receives or accesses, on the date of receipt or access, to its registered users who are creditors of the corporate debtor undergoing insolvency proceedings under the Code.
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