General Awareness Questions

Q.  The Insolvency and Bankruptcy Board of India (IBBI) handles cases using-

a. National company law tribunal
b. Debt recovery tribunal
c. Securities Appellate Tribunal
d. Only a and b

ANSWER: See Answer
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 handles the casesusing two tribunals like NCLT (National company law tribunal) and Debt recovery tribunal.Current chairman of IBBI is M. S. Sahoo


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