The Insolvency and Bankruptcy Board of India (IBBI) “inadvertently” put out on its website Aadhaar and PAN details of creditors, including workmen, of some companies undergoing resolution process, and the issues are expected to be sorted out in the next few days.

 A senior official said the details came into the public domain “inadvertently” as the regulator is working on a beta project to host the information of creditors of companies undergoing Corporate Insolvency Resolution Process (CIRP) and liquidation.

The IBBI, a key institution in implementing the Insolvency and Bankruptcy Code (IBC), is working on the project to ensure and enhance transparency with respect to CIRP and liquidation processes, the official said, adding that the matter will be sorted out in the next few days.

The details that were inadvertently put out have been removed, the official added.

It could not be immediately ascertained as to such details of how many creditors were put out.

There was no official comment from the IBBI.

Under the IBBI regulations, details about creditors, including workmen, of companies undergoing CIRP or liquidation should be disclosed on the websites of the companies (corporate debtors) concerned. The details required include name of the creditor concerned, amount claimed and amount admitted.

In case of a CIRP, these details have to be disclosed by the resolution professional concerned while in liquidation processes, the respective liquidator would make these disclosures.

Such details have to be put out on the websites of the companies concerned.

With instances where many small companies do not have or are unable to maintain their websites, the IBBI is working on a project to host these details on its website for easy access of the creidtors. The  work started a few days back.