The National Company Law Tribunal has released a Circular dated 03.04.2023, requesting the Petitioners in Sections 7 and 9 of IBC proceedings to produce the record of Information Utility for effective hearing of their case and comply with Regulation 20 of Insolvency and Bankruptcy Board of India Regulation, 2016. Brief background Regulation 20 was inserted in the Insolvency and Bankruptcy …
In a boost to the account aggregator ecosystem, all major public sector banks and private sector banks in the country have joined the platform, which has brought more than one billion accounts to the AA framework, according to a tweet by Sahamati, a non-profit collective of the framework. It is a framework for data sharing between financial institutions like banks, …
SMEs can call out big companies for dues, thanks to a tweak in IBC Information utility National e-governance Services will now make public the names of companies which default on payments Premium NeSL has been set up by India’s leading banks and public institutions and is incorporated as a central government company. illustration: Ajay Mohanty Subhomoy Bhattacharjee New Delhi The …
