Insolvency & Bankruptcy Board constitutes Technical Committee

New Delhi, May 4 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations, 2017.

The Committee give its recommendation for laying down Technical Standards for the performance of core services and other services under Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

Specifically, the Committee will give recommendations on matters such as -

(a) the Application Programming Interface;

(b) standard terms of service;

(c) registration of users;

(d) unique identifier for each record and each user;

(e) submission of information;

(f) identification and verification of persons;

(g) authentication of information;

(h) verification of information;

(i) data integrity;

(j) consent framework for providing access to information to third parties;

(k) security of the system;

(l) security of information;

(m) risk management framework;

(n) porting of information;

(o) exchange or transfer of information between information utilities;

(p) inter-operability among information utilities;

(q) preservation of information; and

(r) purging of information.

The Technical Committee will he headed by Dr. R. B. Barman (Chairman, National Statistical Commission) and the other members of the Committee would be  Dr. Nand Lal Sarda (Emeritus Fellow, Indian Institute of Technology, Bombay); Dr.  Pulak Ghosh (Professor, Indian Institute of Management, Bangalore); and V. G. Kannan (Chief Executive, Indian Banks Association).