Navrang Saini gets additional charge as IBBI Chairperson

• The additional role of Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) has been handed to Navrang Saini.
• Following M.S. Sahoo departed on September 30 after a five-year term, the position became vacant.
• IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which came into force in 2016.

Important Facts 

About IBBI

• IBBI: Insolvency and Bankruptcy Board of India
• Founder: Parliament of India
• Founded: 1 October 2016