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IBBI
June 15 , 2019
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- Chief Economic Adviser (CEA) Krishnamurthy Subramanian and former MD and CEO of IDBI Bank B. Sriram were appointed as part-time members of Insolvency and Bankruptcy Board of India (IBBI).
- IBBI is an insolvency regulatory agency established on 1 October 2016.
- It was given statutory powers by Insolvency and Bankruptcy Code (IBC), 2016.
- IBC covers Individuals, Companies, Partnership firms and Limited Liability Partnerships and handles cases under it using 2 tribunals
- National company law tribunal (NCLT)
- Debt recovery tribunal (DRT).
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