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    Question

    Ravi Mittal Has been recently appointed as the

    chairman of IBBI. when was it established?
    A 2014 Correct Answer Incorrect Answer
    B 2015 Correct Answer Incorrect Answer
    C 2016 Correct Answer Incorrect Answer
    D 1991 Correct Answer Incorrect Answer
    E 2017 Correct Answer Incorrect Answer

    Solution

    The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders

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