MCA
appoints two part-time members to IBBI Governing Board
Corporate
Affairs Ministry (MCA) has appointed two part-time members to the Governing
Board of insolvency regulator, the Insolvency and Bankruptcy Board of India
(IBBI).
The
two part-time members are M.P. Ram Mohan, a Professor at the Indian Institute
of Management (IIM) Ahmedabad, and Dinabandhu Mohapatra, a Non-Executive
Independent Director at Indiabulls Housing Limited.
These
appointments will take effect on February 19 for a period of five years or
until they attain the age of sixty-five or until further orders, whichever is
earlier.
Mohapatra,
who has over three and half decades of experience in the banking and insurance
sector, was former Managing Director & CEO at Bank of India.
With
these appointments, the IBBI Governing Board s composition is complete in line
with the Insolvency and Bankruptcy Code 2016. It has now ten members, including
the Chairperson, Ravi Mital.
Already,
IBBI has three whole-time members, one Reserve Bank of India (RBI) nominee, and
three other ex-officio members from the Department of Economic Affairs in the
Finance Ministry, the Corporate Affairs Ministry, the Legislative Department,
and the Department of Legal Affairs in the Ministry of Law and Justice.
www.thehindubusinessline.com
dt. 02.04.2024