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Section214
The Insolvency and Bankruptcy Code, 2016

Obligations of information utility

In force Act 31 of 2016 As on 23 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Cited by 1 provision Instruments 1

Section 214 of the Insolvency and Bankruptcy Code, 2016 deals with obligations of information utility. For the purposes of providing core services to any person, every information utility shall— (a) create and store financial information in a universally accessible format; The Act was enacted on 28 May 2016.

For the purposes of providing core services to any person, every information utility shall—

(a) create and store financial information in a universally accessible format;

(b) accept electronic submissions of financial information from persons who are under obligations to submit financial information under sub-section (1) of section 215, in such form and manner as may be specified by regulations;

(c) accept, in specified form and manner, electronic submissions of financial information from persons who intend to submit such information;

(d) meet such minimum service quality standards as may be specified by regulations;

(e) get the information received from various persons authenticated by all concerned parties before storing such information;

(f) provide access to the financial information stored by it to any person who intends to access such information in such manner as may be specified by regulations;

(g) publish such statistical information as may be specified by regulations;

(h) have inter-operatability with other information utilities.

Section 214, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 215 Procedure for submission, etc., of financial information

Referred to by 1

  1. s. 240 Power to make regulations

Made under this section, and citing it

1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.

All subordinate legislation

Questions about Section 214

What does Section 214 of the Insolvency and Bankruptcy Code deal with?

Section 214 of the Insolvency and Bankruptcy Code is headed "Obligations of information utility". For the purposes of providing core services to any person, every information utility shall— (a) create and store financial information in a universally accessible format;

How do I find court cases under Section 214 of the Insolvency and Bankruptcy Code?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 214, section 214 Insolvency and Bankruptcy Code, section 214 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 214 of the Insolvency and Bankruptcy Code, and has it changed?

Its own text turns on section 215 (Procedure for submission, etc., of financial information), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. The rules and notifications made under it are where it actually bites, and there is one: most recently nsolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022 (2022).

When was Section 214 of the Insolvency and Bankruptcy Code enacted?

Section 214 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 214, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 23 Oct 2026. This page is not a substitute for legal advice.