Centre extends Navrang Saini’s term as interim chief of IBBI for three months

Centre extends Navrang Saini’s term as interim chief of IBBI for three months

Daily Current Affairs / Centre extends Navrang Saini’s term as interim chief of IBBI for three months

Change Language English Hindi

Category : Appointment/Resignation Published on: January 11 2022

Share on facebook

The Centre has extended the tenure of Navrang Saini as interim Chairperson of Insolvency and Bankruptcy Board of India (IBBI) for three more months till March 05, 2022.
Mr. Saini, who is a Whole Time Member of IBBI, was assigned additional charge of Chairperson in addition to his existing duties in October 2021 for three months till January 13, 2022.
The post of full-time Chairperson has been lying vacant after M.S. Sahoo retired upon completing a five-year tenure on September 30, 2021.

Important Takeaways

About IBBI

It is a critical pillar of the ecosystem, responsible for enacting the Code, which consolidates and amends the laws governing the reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals in a timely manner in order to maximise the value of such persons' assets, promote entrepreneurship, increase credit availability, and balance the interests of all stakeholders.
IBBI: Insolvency and Bankruptcy Board of India
Founder: Parliament of India
Founded: 1 October 2016
Parent department: Ministry of Law and Justice

Recent Post's

12th-century Mandir-style pillar fragments discovered in Hinganghat reflect Hemadpanti architecture and highlight the region’s medieval cultural significance.
Read More....
Varanasi sets a Guinness record by planting over 2.5 lakh saplings in one hour using Miyawaki method under Namo Van urban forest project.
Read More....
India enters advanced memory manufacturing as Micron’s Sanand ATMP facility begins DRAM and NAND production with $2.7 billion investment.
Read More....
US and Israel launch coordinated strikes on Iran, targeting top leadership, escalating tensions in West Asia.
Read More....
Oldest known hand stencil dated 67,800 years discovered in Sulawesi cave, highlighting early human symbolic expression.
Read More....
Tripura launches its first State Innovation Mission with T-NEST hub, promoting startups, AI policy, and inclusive innovation.
Read More....
Mangaluru Airport wins ASQ ‘Best Airport at Arrivals’ award for the second consecutive year.
Read More....
NSV Kaundinya completes maiden Oman voyage and returns to Mumbai, highlighting India’s maritime heritage.
Read More....
Assam distributes land pattas to over one lakh families under Mission Basundhara 3.0, enhancing legal ownership and governance.
Read More....
UAE launches world’s first sovereign financial cloud, SFCSI, offering AI-driven secure digital infrastructure for financial institutions.
Read More....