23/02/2020 Insolvency and Bankruptcy Board of India - Wikipedia

Insolvency and Bankruptcy Board of

India
The Insolvency and Bankruptcy Board of India (IBBI)
Insolvency and Bankruptcy
is the regulator for overseeing insolvency proceedings and
Board of India
entities like Insolvency Professional Agencies (IPA),
Insolvency Professionals (IP) and Information Utilities (IU) in भारतीय दवाला और शोधन अ मता बोड
India. It was established on 1 October 2016 and given statutory Regulatory agency overview
powers through the Insolvency and Bankruptcy Code, which Formed 1 October 2016
was passed by Lok Sabha on 5 May 2016.It covers
Jurisdiction Government of
Individuals,Companies,Limited Liability Partnerships and
India
Partnership firms. The new code will speed up the resolution
process for stressed assets in the country. It attempts to Headquarters Mayur Bhawan,
simplify the process of insolvency and bankruptcy Shankar Market,
proceedings.It handles the cases using two tribunals like Connaught Circus,
NCLT(National company law tribunal) and Debt recovery New Delhi[1]
tribunal. Regulatory M. S. Sahoo,
agency Chairperson
Mrs. Suman Saxena former Deputy CAG of India appointed as executive
Whole Time Member of IBBI
Key Insolvency and
Navrang Saini appointed as whole time member of IBBI. Mrs. document Bankruptcy Code
Mukulita Vijayawargiya appointed as whole time member of Website www.ibbi.gov.in (htt
IBBI. p://www.ibbi.gov.in/)

Contents
IBBI Governing Board
The Governing Board
References
External links

IBBI Governing Board

IBBI will have 10 members, including representatives from the Ministries of Finance, Law and
corporate affairs, and the Reserve Bank of India.

The Governing Board

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23/02/2020 Insolvency and Bankruptcy Board of India - Wikipedia

Sl.
Position Name and Designation
No.
1. Chairperson Dr. M. S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India
Whole Time
2. Mr.Sudhakar Shukla, Whole Time Member of IBBI.
Member
Whole Time Mrs. Mukulita Vijayawargiya, Whole Time Member, Insolvency and Bankruptcy Board
4.
Member of India.
Ex-officio Dr. Shashank Saksena, Adviser (Capital Markets), Department of Economic Affairs,
5.
Member Ministry of Finance
Ex-officio
6. Sh. Gyaneshwar Kumar Singh, Joint Secretary, Ministry of Corporate Affairs
Member
Ex-officio Dr. Rajiv Mani, Joint Secretary and Legal Adviser, Department of Legal Affairs, Ministry
7.
Member of Law & Justice.
Ex-officio
8. Sh. Unnikrishnan A, Legal Adviser, Reserve Bank of India
Member
Part Time
9. Dr. Krishnamurthy Subramanian, Chief Economic Advisor
Member
Part Time
10. Sh. B. Sriram, Former Managing Director & CEO of IDBI Bank Ltd.
Member

References
1. "Contact" (http://www.ibbi.gov.in/contact.html). Insolvency and Bankruptcy Board of India.
Retrieved 20 February 2018.

External links
Official website (http://www.ibbi.gov.in/)

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title=Insolvency_and_Bankruptcy_Board_of_India&oldid=935279417"

This page was last edited on 11 January 2020, at 17:55 (UTC).

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