01 October 2020

01 October 2020

01 October 2020

The Insolvency and Bankruptcy Board of India (IBBI) celebrated its Fourth Annual Day on 1st October, 2020. Hon’ble Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur graced the occasion as the Chief Guest. To commemorate its establishment, IBBI has instituted an Annual Day Lecture Series. Mr. Girish Chandra Murmu, Comptroller and Auditor General of India delivered the Fourth Annual Day Lecture on “IBC: Adaptability is the Key to Sustaining Reforms in Times of a Pandemic”. Hon’ble Minister released the annual publication, “Insolvency and Bankruptcy Regime in India: A Narrative” on the occasion. The Comptroller and Auditor General of India released the Handbook for Insolvency Professionals titled “Understanding the IBC: Key Jurisprudence and Practical Considerations” prepared by International Financial Corporation, World Bank Group, in pursuance of a co-operation Agreement with the IBBI. The Comptroller and Auditor General of India gave away the medals and cash awards to the top three performers of the National Online Quiz on IBC conducted by IBBI in association with MyGov. Hon’ble Minister inaugurated the platform for market for distressed assets. Dr. M. S. Sahoo, Chairperson, IBBI, thanked all stakeholders who joined the journey of IBBI and IBC’s ecosystem and ensured that it was operationalized in shortest time, unprecedented in the history of any economic legislation in the country and that of that of any insolvency regime around the world. Dr. Mukulita Vijayawargiya, Whole Time Member, IBBI extended vote of thanks at the conclusion of the event.