Question: Who is the chairperson of Insolvency and Bankruptcy Board of India (IBBI)?
(a) Dr. M. S. Sahoo
(b) Dr. Navrang Saini
(c) Ms. Suman Saxena
(d) Sh. Ajay Tyagi
Ans: (a)
- On 31st March, 2017, Dr. Navrang Saini took charge as Whole Time Member of Insolvency and Bankruptcy Board of India (IBBI) in New Delhi.
- Dr. Saini will look after Registration & Monitoring wing comprising Insolvency Professionals, Information Utilities, Insolvency Professional Agencies & Entities, Valuers, Surveillance, Investigation and Grievance Redressal. He will also look after Legal Affairs and Establishment.
- Dr. Saini has served as a member of the Indian Corporate Law Service (ICLS). He has served Ministry of Corporate Affairs in various capacities and played a key role in implementation of MCA 21.
- His last assignment was Director General, Ministry of Corporate Affairs.
- Dr. Saini has post-graduation degrees in Management and Law and also professional qualification as a Company Secretary.
- 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. Dr. M. S. Sahoo is the Chairperson of IBBI and Dr. Navrang Saini and Ms. Suman Saxena are its permanent members.
Reference:
http://www.ibbi.gov.in/Dr.%20Saini%20WTM%20Press%20Release.pdf
http://pib.nic.in/newsite/PrintRelease.aspx?relid=160364