Tax Management India. Com
                        Law and Practice: A Digital eBook ...

☞ Data-bank

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News D. Forum
Highlights
What's New

Share:   Share on facebook   Share on twitter   Share on linkedin

        Home        
 
Blank

Home Notifications 2022 Insolvency and Bankruptcy Insolvency and Bankruptcy - 2022 This

  • Login
  • Plus+

Latest - TMI e-Newsletter

Forget password       New User/ Regiser



 

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG085 - Insolvency and Bankruptcy

Extract

..... 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 inserted, namely: - “(1A) Before filing an application to initiate corporate insolvency resolution process under section 7 or 9, as the case may be, the creditor shall file the infor .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG085 - Insolvency and Bankruptcy

X X   X X   Extracts   X X   X X

..... n 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 default Disputed Red (4) After recording the status of information of default under sub-regulation (3), the information utility shall communicate the status of authe .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG085 - Insolvency and Bankruptcy

X X   X X   Extracts   X X   X X

..... (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 its digital signature, as per the provisions of the Insolvency and Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Information .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG085 - Insolvency and Bankruptcy

X X   X X   Extracts   X X   X X

 

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || RSS Blog || Site Map XML ||