what is nesl iu debt information

what is nesl iu debt information

1 year ago 37
Nature

NeSL stands for National E-Governance Services Limited, which is an Information Utility (IU) appointed by the Insolvency and Bankruptcy Board of India (IBBI) . Its primary role is to serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the financial or operational creditor and verified and authenticated by the parties to the debt. NeSL provides a platform for creditors to upload debt details, which can be used as evidence of debt default. NeSL is governed by the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

Based on the search results, it seems that NeSL is a legitimate authority in India that deals with debt information. It provides a platform for creditors to upload debt details, which can be used as evidence of debt default. NeSL is governed by the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

Read Entire Article