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    Question

    The Insolvency and Bankruptcy Board of India was founded

    in?
    A 1 October 2016 Correct Answer Incorrect Answer
    B 23 September 2014 Correct Answer Incorrect Answer
    C 14 August 2000 Correct Answer Incorrect Answer
    D 22 June 2001 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Insolvency and Bankruptcy Board of India (IBBI) celebrated its Sixth Annual Day on 1st October, 2022. In order to commemorate the establishment of the IBBI, it has instituted an Annual Day Lecture Series. To mark the occasion, an annual publication, “IBC: Idea, Impressions and Implementation” was released. About IBBI and IBC The Insolvency and Bankruptcy Board of India (IBBI), being responsible for implementation of the Insolvency and Bankruptcy Code (IBC), 2016, aims for reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. Founded: 1 October 2016

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