Ms. Suman Saxena took charge as member of IBBI

Ms. Suman Saxena took charge as member of IBBI

Question: Who is the current chairperson of the Insolvency and Bankruptcy Board of India?
(a) Ms. Suman Saxena
(b) Dr. M. s. Sahoo
(c) G. S. Yadav
(d) Amardeep Singh Bhatiya
Ans: (b)
Related Fact:

  • On 22nd February, 2017, Ms. Suman Saxena took charge as the whole time member of the Insolvency and Bankruptcy Board of India (IBBI).
  • Ms. Saxena will look after research and regulation wing comprising corporate insolvency, corporate liquidation, individual insolvency, individual bankruptcy, research and publications, data management and dissemination and advocacy.
  • She will also look after National Insolvency Programme, Continuing Professional Programme, and Knowledge Management and Partnership.
  • Ms. Saxena served as a member of the Indian Audit and Accounts Service for over 35 years. She was previously working as Deputy Comptroller and Auditor General.
  • She has also been the Director of National Academy of Audit and Accounts.
  • 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.
  • The main responsibility of IBBI is to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016.
  • It is to be noted that Dr. M.S. Sahoo is the current chairperson of Insolvency and Bankruptcy Board of India.

Reference:
http://www.ibbi.gov.in/about-ibbi.html
http://pib.nic.in/newsite/PrintRelease.aspx?relid=158644