TMI BlogInsolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022X X X X Extracts X X X X X X X X Extracts X X X X ..... and Bankruptcy Board of India (Information Utilities) Regulations, 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 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SI. 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 Provided that in case of financial creditors which are banks included in the second schedule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly:- (8) The disciplinary proceedings shall be conducted in accordance with the provisions of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017. 6. In the principal regulations , in the Schedule, in Form C , in Para 87 under the heading Debt after clause e , the following clause shall be inserted, namely: - f. document showing latest acknowledgment of debt by the debtor. 7. In the principal regulations , in the Schedule, after Form C , the following Form shall be inserted, namely: - FORM D* RECORD OF DEFAULT ( Issued By information utility under sub- regulation (4) of regulation 21 of the Insolvency and Bankruptcy Board of India (Information ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Information Utility 3. Other details/documents, if any, may be enclosed by the Information Utility *( Note: Information may be issued in this Form with necessary modifications as the information utility deems fit ) RAVI MITAL, Chairperson [ADVT.-III/4/Exty./122/2022-23] Note: The I nsolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 were published vide notification No. IBBI/2016-17/GN/REG009 dated 31st March, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 129 on 31st March, 2017 and were last amended by the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2021 published vide notification No. IBBI/2021-22/ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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