Google News
logo
Daily Current Affairs
Who has been appointed as the new Chairman of Insolvency and Bankruptcy Board of India (IBBI) in Feb 2022?
A)
Rajiv Gauba
B)
Ravi Mittal
C)
Vineet Joshi
D)
Ajay Kumar Bhalla

Correct Answer :   Ravi Mittal


Ravi Mittal, former secretary at the Department of Sports, is likely to take over as the chairman of the Insolvency and Bankruptcy Board of India (IBBI), according to a note privately circulated by the Ministry of Corporate Affairs.
 
The Appointments Committee of Cabinet has cleared Mittal’s appointment, the 2nd February 2022 note said. The appointment will be subject to approval from the Prime Minister Office.
 
Mittal would head the IBBI for five years or till he is 65 years of age, whichever is early, as per the note, which ET has seen.
 
The IBBI is a regulatory institution set up by the Ministry of Corporate Affairs for enforcing the Insolvency and Bankruptcy Code. The board regulates corporate insolvency and resolution processes. It also regulates insolvency professionals and information utilities.

Source : Economic Times

Published On : February 4, 2022
Advertisement