Information Utility is an interconnected information network that entails financial information of companies. In the Insolvency resolution process, this information takes precedence.

1. Information Utility IBC
Presented By:
Registrationwala
Insolvency

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 the financial information to the authorized
professionals.
 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/