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SMEs can call out big companies for dues, thanks to a tweak in IBC

Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments

IBC, COMPANIES, insolvency, NPA, SMEs, MSME, NCLT, NCLAT,
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NeSL has been set up by India’s leading banks and public institutions and is incorporated as a central government company. illustration: Ajay Mohanty

Subhomoy Bhattacharjee New Delhi
The Insolvency and Bankruptcy Code (IBC) has provided small enterprises in India the window to force large companies to cough up pending dues.
 
Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments. The details will be shared with all creditors that have exposure to the company.
 
The managing director and chief executive officer (CEO) of NeSL, S Ramann, says it would make banks and other financial institutions that deal with the defaulter company ask questions.
 
“If a company has the reputation of holding up payments to its operational

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