MS Sahoo on 1 October 2016 assumed charge as Chairman of Insolvency and Bankruptcy Board of India (IBBI). The oath of the office was administered by Union Finance and Corporate Affairs Minister Arun Jaitley.
He will serve the office will 2021.
Sahoo was recently serving as a member of anti-trust regulator Competition Commission of India (CCI) and was earlier a member at capital markets regulator Securities and Exchange Board of India (SEBI).
About Insolvency and Bankruptcy Board of India
• IBBI is a four-member Board. The members of the IBBI are Ajay Tyagi, Amardeep Singh Bhatia, GS Yadav and Unnikrishnan.
• The main activity of IBBI is to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016.
• The Board will be expanded to 10 Members (including the Chairman) in the future.
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