Information Utility IBC India PPT

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Information Utility IBC
Insolvency
Presented By Registrationwala
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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
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Importance of Information in Insolvency Resolution

• Correct, collated and coherent information is the
  foundation of insolvency resolution process.

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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.

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Information Utility Purpose

• Procuring the financial information of the
  businesses.
• Maintaining the financial information of
  businesses.
• Digitally securing the financial information of
  businesses.
• Supplying the financial information to the
  authorized professionals.
• Supplying the information to authorized
  authorities like NCLT.

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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.

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Information Utility The Challenges

• Information entered can be biased.
• Information entered can be unauthenticated.
• If not secured properly, prone to cyber attacks.

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Contact Us
91-8882-580-580
support_at_registrationwala.com
https//www.registrationwala.com/
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