Debajyoti Ray Chaudhuri, MD & CEO, National E-Governance Services Limited
National E-Governance Services Limited (NeSL) is an Information Utility (IU), regulated by the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of the Insolvency and Bankruptcy Code (IBC). One of the objectives behind the creation of the IU was to remove information asymmetry which, in the Indian context, is often a critical barrier to fair negotiations between debtor and creditor when creditor is unable to service its debt obligations. The IU as conceptualised in the Code has no parallel anywhere in the world.
NeSL’s Digital Document Execution or DDE platform provides for digital execution, storage and access of contracts. It marks a paradigm shift towards a seamless but secure digital lending as its e-stamped as per legal requirements. It’s paperless, contactless and enhances the customer experience. It also promotes sustainability by obviating the need for paper. As per our estimates, till date, NESL’ s DDE has saved more than 2500 trees.
It’s therefore quite appropriate that we promote cleaner and environment friendly transport systems. The EV Charging station at IIM Bangalore, funded by NeSL as part of their CSR activity, was inaugurated on the 23rd of February, 2023 by Hon’ble President NCLT, Chief Justice (Retd) Shri Ramlingam Sudhakar in the august presence of Hon’ble Justice Kannan Ramesh, Judge, Appellate Division, Supreme Court of Singapore and Judge, Singapore International Commercial Court, Chairperson IBBI, Shri Ravi Mital, Dr. Rishikesha T Krishnan, Director, IIM Bangalore, Whole Time members of IBBI, Shri Sudhaker Shukla and Shri Jayanti Prasad, EDs of IBBI, ED of NeSL Smt E. P. Nivedita, Team NeSL and a host of other dignitaries.