Guidance To Operational Creditors

Broad procedure for Operational Creditors is as under:

I.User Registration Process:

(i) For registration as User, the User Registration form needs to be filled up and submitted electronically. The electronic format of User Registration Form is shared with you by way of an URL i.e.,

For guidance in registration click here

(ii) The User is required to remit the IU Service fee as under by way of electronic remittance (NEFT) to NeSL to the designated / following account:

Name of the beneficiary:      National E Governance Services Ltd

Name of the Bank          :      Canara Bank

Name of the Branch       :      Cantonment Branch, Bangalore

Account Number            :      0404214000030

IFSC Code                      :      CNRB0000404

Fee for its various IU services – click here

(iii)Upon completion of Registration process and collection of prescribed fee, the NeSL would register the Operational Creditor as User and provide User ID by way of e mail & Pass word by way of SMS to the registered mobile number to the Registered User for accessing the NeSL Link.

II.Submission of Information (Data & Documents):

On completion of User Registration Process only, the User will be able to submit the information to NeSL electronically.

By accessing to the above NeSL link with the help of User Id & Password received from NeSL,  the User (Operational Creditor) can submit the details of Information on Operational Debt in prescribed Form C (NeSL data input format) electronically, by making data entry in the electronic form, from the front end, by entering the details in the Computer Screen.

Concurrent to the above process, the documents relating to Operational Debt viz., a statement of details of sales invoices pending for payment to arrive at the total operational debt outstanding, Sale Contract Agreement between the Corporate Debtor and Operational Creditor, Covering Letters to Invoices, other correspondence/letters, if any, also needed to be scanned (and converted into pdf) and uploaded to us electronically through the system by affixing Digital Signature of the entity/ e- signature of the authorized person.

III.Obtaining Authentication:

NeSL would be processing the data received as above for hygiene validation (mandatory fields, data as per required format etc.) and validate the Digital Signature / e-Sign.  On processing and finding the data to be complete, NeSL would furnish an acknowledgement to the Submitter.

Thereafter, NeSL would send the Debt information / documents to the Corporate Debtor, by providing a link to NeSL Electronic Platform & intimate him by an e mail, with a request to authenticate the information / documents within 7 days of communication.  Corporate Debtor is required to register itself as User with NeSL by furnishing his identity details, if not registered earlier;  and then log-in to NeSL’s Portal, using the user ID & Password provided by NeSL, for authenticating the information by affixing its e-Sign/Digital Signature.  The Operational Creditor would be kept informed of the status of authentication by the Corporate Debtor.

IV.Access to information stored by NeSL as IU:

NeSL would provide access to the information stored with it, to persons as per Regulation 23(1) (a to h) like-  the User who submitted the information, Other parties connected to Debt, Insolvency Resolution Professional, Adjudicating Authority, any person authorized to access the information under any other law.

In case of any need for further clarifications, the intending Users may please contact our Customers Help Desk on the following phone/e mail:

Guidance Tips for Users(Operational Creditors) for availing Information Utility Services

As per the IBC / IU concept, NeSL, as information Utility, will be accepting electronic submissions of financial information from the persons who intend to submit such information and would be storing the same in electronic form only.