• The government has appointed Aparna Sinha as the ex-officio member in the Insolvency and Bankruptcy Board of India (IBBI).
• Sinha, who is currently serving as Adviser (FSRL), Department of Economic Affairs, Ministry of Finance, will represent the ministry on the board, the Ministry of Corporate Affairs (MCA) said in a notification.
Insolvency and Bankruptcy Board of India (IBBI)
• The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016 under the Insolvency and Bankruptcy Code, 2016.
• The IBBI is the statutory body responsible for overseeing the implementation of the IBC.
• It regulates service providers as well as processes under the Code.
• Section 196 of the Code enumerates the…