Question: The first information utility unit registered with the Insolvency and Bankruptcy Board under Insolvency and Bankruptcy Code, 2016 is-
(a) National e-Governance Services Limited
(b) Central Information Commission
(c) Ahmedabad Library Network
(d) NITI Aayog
Answer: (a)
Related Facts:
- On April 20th, 2018, Indian Overseas Bank (IOB) entered into an agreement with National e-Governance Services Limited (NeSL) to use information utility services under Insolvency and Bankruptcy Code, 2016.
- National e-Governance Services Limited is the first information utility unit registered with the Insolvency and Bankruptcy Board under the Insolvency and Bankruptcy Code, 2016.
- Information utility is an information network that purchases and storages the financial data of different institutions, such as the borrowing, non-receipts and security interests.
- This enables borrowers to make decisions on credit transactions.
- With this agreement, the branches of Indian Overseas Bank will now be able to provide certified information regarding debt and defaults, thereby helping transparency in maintaining the list of borrowers, debtors, creditors and debt collectors and growth will take place.
Reference:
https://www.aninews.in/news/business/business/iob-inks-information-utility-pact-with-nesl201804210240440001/
http://www.uniindia.com/~/iob-inks-pact-with-nesl/Business%20Economy/news/1208376.html
https://www.deccanchronicle.com/videos/iob-inks-information-utility-pact-with-nesl.html