IBBI constitutes Technical Committee to lay down Technical Standards for performance of core services

May 4, 2017 18:27 IST

The Insolvency and Bankruptcy Board of India (IBBI) on 4 May 2017 constituted a Technical Committee to lay down technical standards for performance of core services in accordance with Regulation 14 of the IBBI (Information Utilities) Regulations, 2017.

The committee will be headed by RB Barman, Chairman of National Statistical Commission.

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Members of the Committee

 S. No.

Name and Position



RB Barman (Chairman, National Statistical Commission)



Nand Lal Sarda (Emeritus Fellow, Indian Institute of Technology, Mumbai)



Pulak Ghosh (Professor, Indian Institute of Management, Bangalore)



VG Kannan (Chief Executive, Indian Banks Association)


Terms of Reference of Committee
The Committee will 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.

It will be tasked to give recommendations on the following matters:

Application programming interface
Standard terms of service
Registration of users
Unique identifier for each record and each user
Submission of information
Identification and verification of persons
Authentication of information
Verification of information
Data integrity
Consent framework for providing access to information to third parties
Security of the system
Security of information
Risk management framework
Porting of information
Exchange or transfer of information between information utilities
Inter-operability among information utilities
Preservation of information
Purging of information

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