The Insolvency and Bankruptcy Board of India was founded

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