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TMI BlogInsolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2024.X X X X Extracts X X X X X X X X Extracts X X X X ..... . IBBI/2024-25/GN/REG114.--In exercise of the powers conferred by section 196, 213, 214, 215 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, namely:- 1. (1) These Regulations may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he following sub-clause, shall be substituted, namely:- "(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 section 3(8) of the Code." (ii) in sub-regulation (3), after Table 2, the follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e key details such as e-mail address of the debtor, document showing proof of debt, latest acknowledgment of debt by the debtor and proof of default before issuance of record of default in Form D of the Schedule under regulation 21." 5. In the principal regulations, in the amended regulation 21A regarding 'Verification of information before issuance of record of default', after sub-regulation ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Utilities) Regulations, 2017 were published vide Notification No. IBBI/2016-17/GN/REG009 dated 31st March, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 129 on 31st March, 2017 and were last amended by the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022 published vide Notification No. IBBI/2022-23/GN/REG/098, dated the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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