Insolvency and Bankruptcy Board of India - wikipedia Insolvency and Bankruptcy Board of India The Insolvency and Bankruptcy Board of India ( IBBI ) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies ( IPA ), Insolvency Professionals ( IP ) and Information Utilities ( IU ) in India. It was established on 1 October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, which was passed by Lok Sabha on 5 May 2016. It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. The new code will speed up the resolution process for stressed assets in the country. It attempts to simplify the process of insolvency and bankruptcy proceedings.It handles the cases using two tribunals like NCLT ( National company law tribunal ) and Debt recovery tribunal. Mrs. Suman Saxena former Deputy CAG of India appointed as Whole Time Member of IBBI Navrang Saini appointed as whole time member of IBBI. Mrs. Mukulita Vijayawargiya appointed as whole time member of IBBI. IBBI governing Board IBBI will have 10 members, including representatives from the Ministries of Finance and Law, and the Reserve Bank of India. The governing Board Sl. No. Position Name and Designation 1. Chairperson Dr. M.S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India 2. Whole Time Member Mrs Suman Saxena, Whole Time Member, Insolvency and Bankruptcy Board of India. 3. Whole Time Member Sh. Navrang Saini, Whole Time Member, Insolvency and Bankruptcy Board of India. 4. Whole Time Member Mrs. Mukulita Vijayawargiya, Whole Time Member, Insolvency and Bankruptcy Board of India. External links Official website Retrieved from `` https://en.wikipedia.org/w/index.php?title=Insolvency_and_Bankruptcy_Board_of_India&oldid=809003895 '' Categories : Executive branch of the Indian government Regulatory agencies of India Organisations based in Delhi Financial regulatory authorities of India Government agencies established in 2016 Government agencies of India Economic history of India ( 1991 -- present ) Insolvency Bankruptcy Talk About Wikipedia Add links This page was last edited on 6 November 2017, at 15 : 29. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: how many members are there in the insolvency and bankruptcy board of india
Answer: 10