https://www.taxtmi.com/article/detailed?id=11069 Proposed amendments would make Information Utility records the primary, and in limited cases conclusive, proof of occurrence of default for admitting CIRP applications; require operational creditors and corporate applicants to file financial information with IUs; mandate that corporate debtors be given a chance to authenticate or refute IU-submitted data with non-response treated as authentication; restrict Adjudicating Authority inquiry to IU records (except for genuine reasons) and narrow its role to satisfaction of default and procedural completeness for mandatory admission. en-us Fri, 03 Feb 2023 11:02:04 +0530 Fri, 03 Feb 2023 11:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11069 Proposed amendments would make Information Utility records the primary, and in limited cases conclusive, proof of occurrence of default for admitting CIRP applications; require operational creditors and corporate applicants to file financial information with IUs; mandate that corporate debtors be given a chance to authenticate or refute IU-submitted data with non-response treated as authentication; restrict Adjudicating Authority inquiry to IU records (except for genuine reasons) and narrow its role to satisfaction of default and procedural completeness for mandatory admission. Articles Corporate Laws / IBC / SEBI Fri, 03 Feb 2023 11:02:04 +0530 https://www.taxtmi.com/article/detailed?id=11069