Sandip Garg, a former tax officer who additionally labored as the chief director of the Insolvency and Chapter Board of India (IBBI), on Friday took over as a whole-time member of the chapter regulator.Garg, a 1992-batch Indian Income Service officer, was dealing with a various portfolio on the IBBI as its government director. This contains …
Garg, a 1992-batch Indian Income Service officer, was dealing with a various portfolio on the IBBI as its government director. This contains company and particular person insolvency and liquidation.
Saying Garg’s elevation, the regulator mentioned: “At IBBI, he performed an instrumental position in streamlining the company insolvency course of and liquidation course of via a sequence of coverage and regulatory interventions, together with framing rules, together with know-how upgrades.”
Earlier than the most recent appointment, the board of the insolvency regulator comprised chairman Ravi Mittal, two whole-time members and 4 ex-officio members.
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