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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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