The question (15 marks)
What is an information utility? Explain its registration, obligations and role in the working of the Code. (15 marks)
MU Module IV, head 4.4.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 4 · The Institutional Framework of Bankruptcy Laws.
Authorities you will need
- Sections 209 to 213 of the Code
- Sections 214, 215 and 216 of the Code
- Section 7(3) of the Code, on the record of default
- Section 99(3) of the Code
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.