Solution

MS Sahoo was the first chairman of IBBI. The IBBI has a ten-member board including a Chairman. Following is the structure of the IBBI. One Chairperson Three members from Central Government officers not below the rank of Joint Secretary or equivalent. One nominated member from the RBI. Five members nominated by the Central Government; of these, three shall be whole-time members. Ravi Mittal, the former secretary, of Department of Sports, has been appointed as the Chairman of Insolvency and Bankruptcy Board of India (IBBI), as per the notification issued by Ministry of Corporate Affairs on February 02, 2022