IBBI Registered National E-Governance Services Limited as Information Utility

Posted on:28 Sep 2017 15:42:29
IBBI Registered National E-Governance Services Limited as Information Utility
28 September 2017 Current Affairs: The Insolvency and Bankruptcy Board of India (IBBI) registered National E-Governance Services Limited (NeSL) as an Information Utility (IU) under the IBBI (Information Utilities) Regulations, 2017. 

It becomes the first IU registered by the IBBI and the registration is valid for five years from the date of registration.

It stores financial information that helps to establish defaults as well as verify claims expeditiously and facilitates completion of transactions under the Insolvency and Bankruptcy Code in a time-bound manner.

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