Insolvency and Bankruptcy Board of India invite public comments on draft regulations on Information Utilities

The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group- 4 had a mandate to deliberate and submit its recommendations on rules, regulations and other related matters for Information Utilities under the Insolvency and Bankruptcy Code, 2016. The said Working Group has submitted its report on Information Utilities. The Report includes draft regulations on Information Utilities.

The Governing Board of Insolvency and Bankruptcy Board of India considered the aforesaid Report in its meeting on 16^th January, 2016 and decided to invite public comments.  Accordingly, comments on the Report as well as on each provision of the draft regulations are invited by 7^th February, 2017. The Report is available on the Board’s website at www.ibbi.gov.in. The comments may be submitted online at ‘FEEDBACK’ on the website or by email at feedback@ibbi.gov.in.