Mumbai: National e-Governance Services Ltd (NeSL) Tuesday said it has become India’s first information utility (IU) for bankruptcy cases. It will be regulated by the Insolvency and Bankruptcy Board of India (IBBI).
The information utility will store data on borrowing, default and security interest with safeguards like authenticating the terms of contract. It will store the details digitally in a central server.
“Today, IBBI granted it a renewal registration from 25th September, 2017 to 24th September, 2022,” said NeSL said in a press statement..
