TaxTMI 
TaxTMI 
Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022
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.... 2017, namely: - 1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022. (2) These Regulations shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, (hereinafter referred to as 'the principal regulations'), in regulation 2, in sub-regulation (1), after clause (l), following clause shall be inserted namely: - "(la) "record of default" means the status of authentication of default issued in Form D of the Schedule." 3. In the principal regulations, in regulation 20 - (i) after sub-regulation (1), the following sub-regulation shall be i....
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.... the information of default Authenticated Green 2 Debtor disputes the information of default Disputed Red 3 Debtor does not respond even after three reminders Deemed to be Authenticated Yellow Provided that in case of financial creditors which are banks included in the second schedule of the Reserve Bank of India Act, 1934, the information utilities will record the status of authentication of information of default as indicated in the Table 2 below: TABLE-2 SI. No. Response of the debtor Status of authentication Colour of the status (1) (2) (3) (4) 1 (a) Debtor confirms the information of default, or (b) Debtor does not respond even after three reminders Authenticated Green 2 Debtor disputes the information of defa....
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.... default is issued to the Financial/Operational Creditor ______ in respect of the default of debt as per details given below- (a) Name of Corporate Debtor: (b) Unique Debt Identifier Number: (c) Registered Address: (d) Total debt amount: (e) Default amount remaining: (f) Date of default: (g) Status of Authentication of default: Filing of Default (Submission ID No.) Submitted on (DD/MM/YY) Status of Authentication (Authenticated/Disputed/Deemed to be authenticated) (Colour Code: Green or yellow or Red, as the case may be) Authentication completed on (DD/MM/YY) ……………….(name of the information utility) is authorized to issue this record of default and has accordingly affixed ....