Information Utilities definition

Information Utilities means an information collection body constituted under the provisions of the IBC.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Information Utilities means the information collection body to be constituted pursuant to the provisions of the Insolvency Code.

Information Utilities means an information utility established in accordance with the Insolvency and Bankruptcy Code, 2016 and the rules and regulations made thereunder;

Examples of Information Utilities in a sentence

The Borrower and Guarantor/s confirms and agrees that the Lender shall also be entitled to disclose information, as stated above to any person as may be required/ specified by applicable laws including but not limited to consent for disclosure of information to Information Utilities set up pursuant to the Insolvency and Bankruptcy Code, 2016.
NeSL is an information utility (“IU”) registered with the Insolvency and Bankruptcy Board of India (hereinafter referred to as “IBBI”) having Registration No. IBBI/IU/01 and is governed by the provisions of Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC”) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 (hereinafter referred to as “IU Regulations”).
USFB shall have the right to disclose/submit the ‘financial information’ as defined under the Insolvency and Bankruptcy Code, 2016 (or any amendments thereto) and the Rules framed thereunder, in relation to the Loan transaction, to Information Utilities (“IU”) and the Borrower should promptly authenticate such ‘financial information’ submitted by USFB, as and when requested by the concerned IU.
Technical Standards shall mean the Guidelines for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, as amended and modified from time to time.
USFB shall have the right to disclose/submit the ‘financial information’ as defined under the Insolvency and Bankruptcy Code, 2016 (or any amendments thereto) and the Rules framed thereunder, in relation to the Loan transaction, to Information Utilities (“IU”) and the Borrower shall promptly authenticate such ‘financial information’ submitted by USFB, as and when requested by the concerned IU.
NeSL shall store and maintain all the information received from Information Submitter in a secured data storage in the manner prescribed under IU Regulations, the Guidelines on Technical Standards for Core Services of Information Utilities and any other law for the time being in force or as may be modified from time to time.
NeSL is an Information Utility (“IU”) registered with the Insolvency and Bankruptcy Board of India (“IBBI”) having Registration No. IBBI/IU/01 and is governed by the provisions of Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC”) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 (hereinafter referred to as “IU Regulations”).

More Definitions of Information Utilities

Information Utilities. Means an information collection body to be constituted under the provisions of IBC; “Lease Documents” Means the lease deed agreements and such other documents executed between Borrower and th ird parties for the purpose of leasing/renting/licensing the units in the Property, and shall include such agreements as maybe entered into with new Lessees from time to time;

Information Utilities means the persons registered as information utilities with the Insolvency and Bankruptcy Board of India under the provisions of the IBC.

Information Utilities. Means an information collection body to be constituted under the provisions of IBC; “Large Defaulter” Means a defaulter with an outstanding amount of ₹1 crore and above, and - (i) where suit has been filed; or (ii) whose account has been classified as doubtful or loss (in accordance with the instructions issued by the Reserve Bank from time to time). “Lease Documents” Means the lease deed agreements and such other documents executed between Borrower and third parties for the purpose of leasing/renting/licensing the units in the Property, and shall include such agreements as maybe entered into with new Lessees from time to time; “Loan”/ ”Facility” Means the credit facilities aggregating to such amounts as provided under Schedule I agreed to be sanctioned by the Bank to the Borrower in terms of Article 2 of this Agreement;