2.10.21:Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
21. Information of default.
(1) On receipt of information of default, an information utility shall expeditiously undertake the processes of authentication and verification of the information.
(2) On completion of the processes of authentication and verification under sub-regulation (1), the information utility shall communicate the information of default, and the status of authentication to registered users who are-
(a) creditors of the debtor who has defaulted;
(b) parties and sureties, if any, to the debt in respect of which the information of default has been received.