Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022

The Insolvency and Bankruptcy Board of India vide notification dated 14th June, 2022 has issued the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022. The amendment provides that before filing an application to initiate corporate insolvency resolution process, the creditor shall file the information of default, with the information utility and the information utility shall process the information for the purpose of issuing record of default.

RECENT UPDATES