IBBI Reconstitutes Advisory Committee on Corporate Insolvency Resolution and Liquidation

The insolvency regulator ‘Insolvency and Bankruptcy Board of India’ (IBBI) has reconstituted the Advisory Committee on Corporate Insolvency Resolution and Liquidation process.
The 14 member reconstituted panel would be chaired by Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Mahindra Bank.
IBBI had earlier constituted the Advisory Committee on Corporate Insolvency and Liquidation in August 2017. Uday Kotak was the Chairman of this panel too. However, at that time the panel had 12 members.
IBBI has inducted three new members in the reconstituted panel.
The committee shall advise and provide professional support on any matter relating to the corporate insolvency resolution and liquidation dealt with by the board under the Insolvency and Bankruptcy Code, 2016.