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TMI BlogAuthentication of defaultX X X X Extracts X X X X X X X X Extracts X X X X ..... d; (c) deliver the information of default or the reminder, as the case may be, to the debtor either by hand, post or electronic means at the postal or e-mail address of the debtor- (i) registered with the information utility by him, failing which, 3 [ (ii) recorded with MCA 21 and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) registry as repositories or any other statutory repository as approved by the Board, failing which, ] 7 [ (iii) submitted in Form C of the Schedule: (A) by a financial creditor, which is a bank included in the second schedule of the Reserve Bank of India Act, 1934; (B) by any other creditor, in respect of a debtor other than the corporate debtor as defined in sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of information of default under sub-regulation (3), the information utility shall communicate the status of authentication in physical or electronic form of the relevant colour, as indicated in column (4) of the Tables 1 or 2, as the case may be, by issuing a record of default in Form D of the Schedule, to the registered users who are- (a) creditors of the debtor who has defaulted in payment of a debt; (b) parties and sureties, if any, to the debt in respect of which the information of default has been received. ] ] ************ NOTES:- 1. Substituted vide NOTIFICATION No. IBBI/2019-20/GN/REG046 dated 25-07-2019 before it was read as, Information of default 21. (1) On receipt of information of default, an information utility shall expedit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icate the status of authentication in physical or electronic form of the relevant colour, as indicated in column (4) of the Table thereof, to the registered users who are- (a) creditors of the debtor who has defaulted; (b) parties and sureties, if any, to the debt in respect of which the information of default has been received. 5. Substituted vide Notification No. IBBI/2024-25/GN/REG11 dated 13-08-2024 w.e.f. 01-10-2024 before it was read as, the time specified in the Technical Standards 6. Substituted vide Notification No. IBBI/2024-25/GN/REG11 dated 13-08-2024 w.e.f. 01-10-2024 before it was read as, three days 7. Substituted vide Notification No. IBBI/2024-25/GN/REG11 dated 13-08-2024 w.e.f. 01-12-2024 before it was read as, (iii) submi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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