IBBI constitutes Working Group on insolvency resolution of corporate debtors in a Group

IBBI constitutes a Working Group to recommend regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group

Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001

File No: IBBI/CIRP/GI/2018-19/001                                                             

17th January, 2019

Office Order

Subject:  Constitution of Working Group on Group Insolvency

The Insolvency and Bankruptcy Board of India hereby constitutes a ‘Working Group on Group Insolvency’ as under:

Sl.

No.

Name

Position and Organisation

Position in the Working Group

1

Mr.  U. K. Sinha

Former  Chairman,  Securities  and  Exchange Board of India

Chairperson

2

Ms. Anshula Kant

Managing Director, State Bank of India

Member

3

Mr. Shardul Shroff

Executive   Chairman,    Shardul   Amarchand Mangaldas & Co. Advocate and Solicitors

Member

4

Dr.        Shubhashis Gangopadhyay

Founder    and    Research     Director,                  India Development Foundation

Member

5

Mr. Siby Antony

Chairman,  Edelweiss  Asset  Reconstruction Company Limited

Member

6

Mr.             Koushik Chatterjee

Executive    Director    and    Chief    Financial Officer, Tata Steel Limited

Member

7

Mr. Sumit Binani

Insolvency Professional

Member

8

Mr. Sumant Batra

President, Society of Insolvency Practitioners of India

Invitee

9

Dr. S. K. Gupta

CEO, Insolvency Professional Agency of the Institute of Cost Accountants of India

Invitee

10

Ms. Alka Kapoor

CEO,      ICSI     Institute      of      Insolvency Professionals

Invitee

11

Mr. Sunil Pant

CEO,     Indian     Institute     of     Insolvency Professionals of ICAI

Invitee

2. The Working Group shall submit a report recommending a complete regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group, within two months from the date

3. The IBBI shall provide secretarial and logistics support to the Working Group.

4. This issues with the approval of competent authority.

(sd/-)
(Dr. Mamta Suri)
Executive Director

To
Chairperson, Members and Invitees of the Working Group
CC: PS to Chairperson / WTMs, IBBI and EDs, IBBI.

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