Ravi Mittal take charge as the new Chairman of IBBI

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• Ravi Mittal took over the charge as the Chairman of the Insolvency and Bankruptcy Board of India (IBBI) on 9 February 2022.
• The post of the Chairman was vacant when the first Chairman of the IBBI, MS Sahoo completed his five year term on 30 September 2021.

IBBI 

 The Insolvency and Bankruptcy Board of India  was set up by the Government of India on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016.

• It is the main body which implements the code related to insolvency of companies ,firms etc in India . 

• Headquarters of IBBI: New Delhi

Full form for exam

• IBBI  : Insolvency and Bankruptcy Board of India

• IBC : Insolvency and Bankruptcy Code