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The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy

Extract

..... tilities) Regulations, 2017, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019. (2) They 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 6, in sub-regulation (2), for clause (e), the following clause shall be .....

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The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy

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..... fee is paid on 20th April, 2017, interest at the rate of twelve percent per annum shall be paid for the delay of five days.”. 3. In the principal regulations, in regulation 9, in sub-regulation (7), for the words “seventy years”, the words “seventy-five years” shall be substituted. 4. In the principal regulations, for regulation 21, the following regulation shall be substituted, namely:- “21. Information of default. (1) An information utility shall expeditious .....

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The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy

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..... tication of information of default as indicated in the Table below: Table Sl. No. Response of the Debtor Status of Authentication Colour of the Status (1) (2) (3) (4) 1 Debtor confirms 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 (4) After recording the status of information of default under sub-regulation (3), the information utility shall communicat .....

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The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy

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..... of India (Information Utilities) (Amendment) Regulations, 2018 published vide notification No. IBBI/2017-18/GN/REG029 dated 27th March, 2018 in the Gazette of India, Extraordinary, Part III, Section 4, No. 123 on 28th March, 2018; and (3) The Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2018 published vide notification No. IBBI/2018-19/GN/REG034 dated 11th October, 2018 in the Gazette of India, Extraordinary, Part III, Section 4, No. 382 on 11 .....

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The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG046 - Insolvency and Bankruptcy

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