IBBI reconstitutes advisory panel on insolvency, liquidation

New Delhi, June 15 (IANS) The Insolvency and Bankruptcy Board of India (IBBI) has reconstituted its advisory committee on corporate insolvency resolution and liquidation.

The committee headed by Kotak Mahindra Bank CEO Uday Kotak, among other changes, has seen its expansion to 14 members instead of 12.

“The committee shall advise and provide professional support, on the request of the board or its own volition, on any matter relating to the corporate insolvency resolution and liquidation dealt with by the board under the Insolvency and Bankruptcy Code, 2016,” said an IBBI order.

The term of most committee members will end on June 11, 2023. Apart from Kotak, the committee includes Piramal Group Chairman Ajay Piramal, BSE MD and CEO Ashish Kumar Chauhan, the Chairman of the Indian Banks' Association.

Ashu Suyash, MD & CEO of Crisil, Rashesh Shah, CEO of Edelweiss Group, and R. Shankar Raman, CFO of Larsen & Toubro, are among the new appointees to the committee.

The committee was last constituted in 2017.



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