Nesl: ’ s primary role

NeSL’ s primary role is to act as an Information Utility - a centralized repository of authenticated debt documentation and debt information in India. The idea behind NeSL is to make enforcement of debt under the Insolvency and Bankruptcy Code faster and easier. NeSL constitutes a key pillar of the insolvency and bankruptcy ecosystem of India, the other three being the Adjudicating Authority (National Company Law Tribunal and Debt Recovery Tribunal), the Insolvency and Bankruptcy Board of India (IBBI) and Insolvency Professionals (IPs). Information Utility is an institution with multiple objectives To provide undisputed information for initiation of insolvency process IU serves as a credit and contract Repository Accept financial information from ... NeSL -National E-Governance Services Ltd, is the first Information Utility (IU) in India, established under the Insolvency and Bankruptcy Code (IBC) of 2016. It is a platform for trusted digital records on loans and defaults. NeSL is a company set up by leading banks and public institutions to serve as a repository of legal evidence for debt/claims under the Insolvency and Bankruptcy Code, 2016 (IBC). It provides verified information to creditors and Adjudicating Authorities, and facilitates time-bound resolution and credit monitoring.