Central · Act 31 of 2016

Section 216 — Rights and obligations of persons submitting financial information.

The Insolvency and Bankruptcy Code, 2016.

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(1) A person who intends to update or modify or rectify errors in the financial information submitted under section 215, he may make an application to the information utility for such purpose stating reasons therefor, in such manner and within such time, as may be specified.

(2) A person who submits financial information to an information utility shall not provide such information to any other person, except to such extent, under such circumstances, and in such manner, as may be specified.

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Next · Section 217Complaints against insolvency professional agency or its member or information utility. →All sections / सभी धाराएँThe Insolvency and Bankruptcy Code, 2016. →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Application.Section 3 · Definitions.Section 4 · Application of this Part.Section 5 · Definitions.Section 6 · Persons who may initiate corporate insolvency resolution process.Section 7 · Initiation of corporate insolvency resolution process by financial creditor.Section 8 · Insolvency resolution by operational creditor.
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India Code, Government of India. Text fetched 09 Oct 2026. Source metadata reports last modification: 2024-07-25. Check the linked official text and subsequent notifications when applying a provision.

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Section 216 — Rights and obligations of persons submitting financial information. | The Insolvency and Bankruptcy Code, 2016. | NYAYA SIGNAL

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