Question: When was the Insolvency and Bankruptcy Board of India established?
a) October 1, 2016
b) October 2, 2016
c) August 15, 2015
d) May 15, 2014
Ans: (a)
- Dr. (Ms.) Mukulita Vijayawargiya took charge as Whole Time Member of the Insolvency and Bankruptcy Board of India on 13th April, 2017.
- She will look after Administrative Law Wing. She will also take care of Information Technology, Limited Insolvency Examination, National Insolvency Examination, Finance and Accounts and Communication.
- Dr. Vijayawargiya was a member of Bankruptcy Law Reforms Committee based on which, the Insolvency and Bankruptcy Code, 2016 has been framed. She played a key role in drafting the Insolvency and Bankruptcy Code, 2016 as Additional Secretary in the Legislative Department, Ministry of Law & Justice.
- Dr. Vijayawargiya has vast experience of 35 years in various fields of law. She has served as a member of Indian Legal Service and was associated with drafting/vetting of more than 100 legislative proposals in the legislative department.
- Her previous assignment was Additional Secretary in the Legislative Department, Ministry of Law & Justice, Government of India.
- It is notable that the Insolvency and Bankruptcy Board of India was established on October 1, 2016 in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=161011
http://www.ibbi.gov.in/