Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2024.

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.... Regulations, 2024 No. IBBI/2024-25/GN/REG114.-In exercise of the powers conferred by section 196, 213, 214, 215 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, namely:- 1. ....

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....gulation (2), in clause (c), for sub-clause (iii), the following sub-clause, shall be substituted, namely:- "(iii) submitted in Form C of the Schedule: (A) by a financial creditor, which is a bank included in the second schedule of the Reserve Bank of India Act, 1934; (B) by any other creditor, in respect of a debtor other than the corporate debtor as defined in section ....

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....information before issuance of a record of default. (1) An information utility shall verify the key details such as e-mail address of the debtor, document showing proof of debt, latest acknowledgment of debt by the debtor and proof of default before issuance of record of default in Form D of the Schedule under regulation 21." 5. In the principal regulations, in the amended reg....