Answer-What does IBBI stands for?

Q: Answer-What does IBBI stands for?

The Insolvency and Bankruptcy Board of India IBBI is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies IPA, Insolvency Professionals IP and Information Utilities IU in India. It was established on 1 October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, which was passed by Lok Sabha on 5 May 2016. It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. The new code will speed up the resolution process for stressed assets in the country.

Home
Questions
General Awareness
Economy
What does IBBI stands for?

Question

What does IBBI stands for?

A Indian Bureau of Banking Instructions Correct Answer Incorrect Answer

B Indian Business Banking Institute Correct Answer Incorrect Answer

C Investment Banking Board of India Correct Answer Incorrect Answer

D Insolvency and Bankruptcy Board of India Correct Answer Incorrect Answer

E International Banking Bureau of India Correct Answer Incorrect Answer

Solution

The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India. It was established on 1 October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, which was passed by Lok Sabha on 5 May 2016. It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. The new code will speed up the resolution process for stressed assets in the country.

Practice Next