Sunday, 22 January 2017

Insolvency and Bankruptcy Board Set-up Two Advisory Panels

• Insolvency and Bankruptcy Board of India (IBB1) set-up under the Insolvency and Bankruptcy Code that seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner, on November 27, 2016.
• The nine-member advisory committee on service providers is headed by educationiSt Mohandas Pai while the panel on corporate insolvency and liquidation is chaired by noted banker Uday Kotak.
• The members of the panel on service providers include National Institute of Public Finance and Policy's Professor Ajay N. Shah, National Stock Exchange Vice-Chairman Ravi Narain, SEBI's Executive Director J. Ranganayakulu and senior lawyer Amarjit Singh Chandiok.

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