Suvan & SNG assist on setting up the first IU under the IBC - NeSL

Varun Marwah September 27 2017

In a first, the National e-Governance Services Ltd (NeSL), a Union Government company, has now received final registration to become first Information Utility (IU) of India.

Yesterday, the Insolvency and Bankruptcy Board of India (IBBI) granted it a renewal registration from September 25, 2017 to September 24, 2022.

Provisions relating to IUs are contained in Chapter 5 of the Insolvency and Bankruptcy Code, 2016.

This institution of the IU seeks to cure one of . . .

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