Navrang Saini has been given the additional charge as the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI). The post fell vacant after M.S. Sahoo retired after a five-year tenure on September 30. Saini is a Whole Time Member of IBBI.
The government has assigned additional charge of Chairperson to Mr Saini in addition to his existing duties. This will be for three months or till the joining of a new incumbent to the post or until further orders, whichever is earlier, it said in a release on October 13.
Important takeaways for all competitive exams:
- Insolvency and Bankruptcy Board of India Headquarters: New Delhi;
- Insolvency and Bankruptcy Board of India Founder: Parliament of India;
- Insolvency and Bankruptcy Board of India Founded: 1 October 2016.