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With reference to National e-Governance Services Ltd (NeSL), consider the following statements:
1.It is India’s first Information Utility under the Insolvency and Bankruptcy Code, 2016.
2.It will provide authenticated information about debts and defaults.
Q. Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to National e-Governance Services Ltd (NeSL), consider ...
NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been set up by leading banks and public institutions and is incorporated as a union government company. The primary role of NeSL 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 other parties to the debt.
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With reference to National e-Governance Services Ltd (NeSL), consider the following statements:1.It is India’s first Information Utility under the Insolvency and Bankruptcy Code, 2016.2.It will provide authenticated information about debts and defaults.Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to National e-Governance Services Ltd (NeSL), consider the following statements:1.It is India’s first Information Utility under the Insolvency and Bankruptcy Code, 2016.2.It will provide authenticated information about debts and defaults.Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about With reference to National e-Governance Services Ltd (NeSL), consider the following statements:1.It is India’s first Information Utility under the Insolvency and Bankruptcy Code, 2016.2.It will provide authenticated information about debts and defaults.Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to National e-Governance Services Ltd (NeSL), consider the following statements:1.It is India’s first Information Utility under the Insolvency and Bankruptcy Code, 2016.2.It will provide authenticated information about debts and defaults.Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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