Home Rules & Regulations IBBI Notifies Insolvency And Bankruptcy Board Of India (Information Utilities) (Amendment) Regulations,...

IBBI Notifies Insolvency And Bankruptcy Board Of India (Information Utilities) (Amendment) Regulations, 2021

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IBBI Notifies Insolvency And Bankruptcy Board Of India (Information Utilities) (Amendment) Regulations, 2021
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The Insolvency and Bankruptcy Board of India (IBBI) vide its notification dated 13th April 2021 has published the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2021, which seeks to amend the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

The Board has added Regulation 36A which pertains to publication of statistical information. An information utility shall publish statistics relating to debt related information in its possession, quarterly. The statistics in sub-regulation (1) shall provide distribution of debts in terms of currency, geography, sector, size, tenor, type, lending arrangement, and incidence of default.

The notification also seeks to substitute Form C. These Regulations shall come into force on 13th April, 2021.

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