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Consider the following statements regarding National E-Governance Services Ltd (NeSL).
  1. NeSL is India’s first Information Utility that has been set up by leading banks and public institutions.
  2. It is incorporated as a union government company.
  3. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
  4. NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.
Which of the above statement sis/are correct? 
  • a)
    1, 2, 3 
  • b)
    1, 3, 4 
  • c)
    2, 3, 4 
  • d)
    1, 2, 3, 4
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding National E-Governance Serv...
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 parties to the debt.
NeSL works towards:
  • Time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.
  • Default intimation to Creditors linked to a debtor when any creditor files a default against a debtor
  • Mitigation of information asymmetry between parties to a debt
  • Superior credit monitoring by creditors
  • An agreed statement of outstanding balance between parties to a debt
  • Facilitate all stakeholders of the IBC ecosystem by leveraging Information Technology to achieve objective of code
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Community Answer
Consider the following statements regarding National E-Governance Serv...
Statements about NeSL:

1. NeSL is India’s first Information Utility that has been set up by leading banks and public institutions.
This statement is correct. NeSL is indeed India's first Information Utility established by prominent banks and public entities.

2. It is incorporated as a union government company.
This statement is incorrect. NeSL is a private company and is not incorporated as a union government company.

3. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
This statement is correct. NeSL is registered with the IBBI under the Insolvency and Bankruptcy Code, 2016.

4. NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.
This statement is correct. NeSL's primary function is to facilitate time-bound resolution by providing verified information to creditors and Adjudicating Authorities.
Therefore, the correct answer is option 'D' - 1, 2, 3, and 4.
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Consider the following statements regarding National E-Governance Services Ltd (NeSL). NeSL is India’s first Information Utility that has been set up by leading banks and public institutions. It is incorporated as a union government company. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.Which of the above statement sis/are correct?a)1, 2, 3b)1, 3, 4c)2, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding National E-Governance Services Ltd (NeSL). NeSL is India’s first Information Utility that has been set up by leading banks and public institutions. It is incorporated as a union government company. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.Which of the above statement sis/are correct?a)1, 2, 3b)1, 3, 4c)2, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding National E-Governance Services Ltd (NeSL). NeSL is India’s first Information Utility that has been set up by leading banks and public institutions. It is incorporated as a union government company. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.Which of the above statement sis/are correct?a)1, 2, 3b)1, 3, 4c)2, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding National E-Governance Services Ltd (NeSL). NeSL is India’s first Information Utility that has been set up by leading banks and public institutions. It is incorporated as a union government company. It is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). NeSL works towards time-bound resolution by providing verified information to creditors and to Adjudicating Authorities that do not require further authentication.Which of the above statement sis/are correct?a)1, 2, 3b)1, 3, 4c)2, 3, 4d)1, 2, 3, 4Correct answer is option 'D'. Can you explain this answer?.
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