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INSOLVENCY AND BANKRUPTCY NEWS

IBBI Updates MoU with IBA
The IBBI signed a Memorandum of Understanding (MoU) with Indian
Banks Association (IBA) at a Workshop on “Committee of Creditors: An
Parliamentary Standing Committee Institution of Public Faith” at New Delhi on March 4, 2022. This
The Parliamentary Standing Committee on Finance took oral evidence of collaboration aims at conducting awareness and capacity building
the representatives of the Ministry of Corporate Affairs (MCA) on the programs, primarily for nancial creditors (FCs), on insolvency,
matters pertaining to the IBC and Budget allocation for the year 2022-23 bankruptcy, and other related topics. This will benet the ofcers of
on February 24, 2022. Secretary and other ofcers of the MCA, scheduled commercial banks and nancial institutions who represent FCs
in the Committee of Creditors (CoC), under the IBC.
Chairperson, IBBI and senior ofcers of IBBI appeared before the
Committee. Human Resources
International Women’s Day Celebration Additional charge – Chairperson, IBBI
To mark the occasion of International Women's Day, the IBBI organised a The additional charge of Chairperson, IBBI, with Dr. Navrang Saini, WTM,
Seminar on March 8, 2022, on the lines of this year’s United Nations’ in addition to his existing duties, was further extended vide order dated
theme “Gender equality today for a sustainable tomorrow”. Mrs. Sujata January 14, 2022.
Chaturvedi, Secretary, Department of Sports and Youth Affairs was the Appointment of Mr. Ravi Mital, Chairperson, IBBI
Chief Guest at the occasion. Highlighting issues relating to women
empowerment, she expressed that women do not demand any special Mr. Ravi Mital took charge as Chairperson of the IBBI on February 9, 2022.
Prior to his joining IBBI, he superannuated from the position of Secretary,
treatment, but principle of equity demands that they get fair and equal Department of Sports, Ministry of Youth Affairs and Sports. He has also
opportunity to demonstrate their skill set. served as Secretary, Ministry of Information & Broadcasting and Special
The other dignitaries who spoke on the occasion were Mr. Ravi Mital, Secretary, Department of Financial Services, Ministry of Finance. He is a
Chairperson, IBBI and Dr. (Ms.) Mukulita Vijayawargiya, WTM, IBBI. They 1986 batch Indian Administrative Service ofcer of Bihar cadre.
highlighted that women are equally important in each sphere of life, be it
economic, social, and cultural aspect, women leave strong imprints on the
society and further emphasised the role of women as a source of value
system of the society. The Seminar also had a session on “Sharing Success
Stories”, where Dr. Deepa Malik, International Para Athlete (Padma Shri &
Arjuna Award Winner); Ms. Swarupama Chaturvedi, Advocate-on-
Record, Supreme Court of India; Mrs. Sudhaben Sureshbhai Patel, Vice
Chairman, Valsad Milk Union; Ms. Deepika Bhugra Prasad, Insolvency
Professional; Ms. Nisha Malpani, Insolvency Professional and Registered
Valuer; and Ms. Veenu Drall, Youngest Female Insolvency Professional,
addressed the participants and shared their experiences.

Mr. Rajesh Verma, Secretary, MCA administering oath of ofce to
Mr. Ravi Mital, Chairperson, IBBI: February 9, 2022
Completion of tenure of Dr. Navrang Saini, WTM, IBBI
Dr. Navrang Saini completed his tenure of ve years as whole-time Member
of the IBBI on March 5, 2022. In the last Governing Board meeting attended
by Dr. Saini on March 2, 2022, the members recorded their deep
appreciation of his signicant contributions over the last ve years towards
building the IBBI and implementation of IBC.
The IBBI family bid farewell to Dr. Saini on March 5, 2022 and remembered
his valuable contributions during his tenure at IBBI. Dr. Saini expressed his
gratitude to the IBBI family for extra-ordinary support, and guidance in
Seminar on International Women’s Day: March 8, 2022 discharge of his duties.

Seminar on International Women’s Day: March 8, 2022 Farewell to Dr. Navrang Saini, WTM, IBBI: March 5, 2022

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