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The Insolvency and Bankruptcy Board of India approves specific statutory repositories for delivering default information and reminders to debtors. The Board approves the MCA 21 database of the Ministry of Corporate Affairs and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India registry. An information utility uses these repositories when the debtor does not register an address with the utility.
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Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001
CIRCULAR
No. IBBI/IU/025/2019
7th September, 2019
To National E-Governance Services Limited Gresham Assurance House 4th Floor, Sir P.M. Road Fort, Mumbai- 400001. (By mail to the registered email address of National E-Governance Services Limited and on the website of the IBBI)
Dear Madam / Sir,
Sub: Statutory Repositories under regulation 21(2)(c)(ii) of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2019 reads as under: -
"21. Information of default. (1) An information utility shall expeditiously undertake the process of authentication and verification of information of default as soon as it is received. (2) For the purpose of sub-regulation (1), the information utility shall-
For the purposes of regulation 21(2)(c)(ii) of the said Regulations, the Board hereby approves MCA 21 database of the Ministry of Corporate Affairs and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) registry as repositories.
This Circular is issued in exercise of the powers vested under section 196 of the Insolvency and Bankruptcy Code, 2016.
Yours faithfully,
Sd/-
(Debajyoti Ray Chaudhuri)
Chief General Manager
Email: dr.chaudhuri@ibbi.gov.in
