Question: Who has been appointed as the chairman of Insolvency and Bankruptcy Board of India (IBBI)?
(a) G.S Yadav
(b) M.S Sahoo
(c) Amar Singh
(d) Ajay Tyagi
Ans: (b)
Related facts:
- On 1 October 2016 MS Sahoo has been appointed as the chairman of Insolvency and Bankruptcy Board of India (IBBI).
- He has been appointed as IBBI Chairman for a period of five years.
- Currently he was Competition Commission of India (CCI) Member.
- The members of the IBBI are Ajay Tyagi, Additional Secretary, Finance Ministry ; Amardeep Singh Bhatia, Joint Secretary, Ministry of Corporate Affairs; GS Yadav, Joint Secretary, Department of Legal Affairs; and Unnikrishnan, Legal Advisor, Reserve Bank of India.
- The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016.