Information utilities will collate all information about debtors to prevent serial defaulters from misusing the system. New Delhi: The Insolvency and Bankruptcy Board of India on Tuesday sought public comments on a report to regulate information utilities, signalling movement on completing the ecosystem for bankruptcy resolution. Information utilities will collate all information about debtors to prevent serial defaulters from misusing the system. Information utilities will regularly release statistical information, as specified by the board. Draft regulations on risk management, which is important for information utilities holding critical information on firms, include provisions on insurance and indemnification.

Source: Mint January 17, 2017 17:19 UTC