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Information Utility Insolvency Code PPT

Information Utility under the IBC act is a solution to provide authorized and correct information at the hour of need. This information becomes the very foundation of successfully resolving the company.

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Information Utility Insolvency Code PPT

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  1. Information Utility IBC Insolvency Presented By: Registrationwala

  2. Information Utility: Definition Information Utility is an interconnected network governed by the NCLT and the IBBI. This network entails the financial information of the companies to be used for several purposes. IBBI

  3. Importance of Information in Insolvency Resolution Correct, collated and coherent information is the foundation of insolvency resolution process.

  4. Information Utility: Features Information utility is a network where interconnected information is stored: It is software that acts as a central financial information repository It has information about the borrowings of a company. Information about any defaults in payments. Every bit of information about the financial state of the business firms.

  5. Information Utility: Purpose Procuring the financial information of the businesses. Maintaining the financial information of businesses. Digitally securing the financial information of businesses. Supplying professionals. the financial information to the authorized Supplying the information to authorized authorities like NCLT.

  6. Information Utility: The Importance It provides authenticated information with high quality. The information provided is up to the company standards. Stores, secures and maintains the financial information. Aiding resolution professionals in formulating resolution plan Providing credit information to the creditors.

  7. Information Utility: The Challenges  Information entered can be biased.  Information entered can be unauthenticated.  If not secured properly, prone to cyber attacks.

  8. Contact Us +91-8882-580-580 support@registrationwala.com https://www.registrationwala.com/

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