This gazette notification announces the appointment of two part-time members to the Insolvency and Bankruptcy Board of India (IBBI).
Key Changes
Prof. M.P. Ram Mohan, Professor at the Indian Institute of Management, Ahmedabad, has been appointed as a Part-time member of IBBI.
Shri Dinabandhu Mohapatra, Non-Executive Independent Director at Indiabulls Housing Limited, has been appointed as a Part-time member of IBBI.
The appointments are effective from February 19, 2024.
The term of appointment is for five years, until the appointees reach the age of sixty-five years, or until further orders, whichever is earlier.
Impact Analysis
Impact on IBBI
Shri Dinabandhu Mohapatra's experience as a Non-Executive Independent Director in the housing finance sector could provide valuable insights into the financial aspects of insolvency proceedings.
Impact on Stakeholders (Creditors, Debtors, etc.)
The expertise of the new members may contribute to more informed and equitable outcomes in insolvency proceedings.
Suggested Action Items
Stakeholders should monitor the impact of the new appointments on the efficiency and effectiveness of insolvency resolution processes.
Key Entities Referenced
Insolvency and Bankruptcy Board of India (IBBI): The regulatory body for overseeing insolvency proceedings and professionals in India.
Insolvency and Bankruptcy Code, 2016: The primary legislation governing insolvency and bankruptcy resolution in India. Section 189 provides the power to appoint members to the IBBI.
Prof. M.P. Ram Mohan: Professor at the Indian Institute of Management, Ahmedabad. Appointed as Part-time member in IBBI.
Shri Dinabandhu Mohapatra: Non-Executive Independent Director, Indiabulls Housing Limited. Appointed as Part-time member in IBBI.
Indiabulls Housing Limited: A housing finance company where Shri Dinabandhu Mohapatra serves as a Non-Executive Independent Director.
Ministry of Corporate Affairs: The ministry responsible for administering the Companies Act, 2013 and other related laws, including the Insolvency and Bankruptcy Code, 2016.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-01042024-253499
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असाधारण
EXTRAORDINARY
भाग I—खण्ड 2
PART I—Section 2
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 13] नई दिल्ली, सोमवार, अप्रैल 1, 2024/चत्रै 12, 1946
No. 13] NEW DELHI, MONDAY, APRIL 1, 2024/CHAITRA 12, 1946
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 21 माच,य 2024
स.ं 30-36/2022-दिवाला.— केन्द्रीर् सरकार, दिवाला और िोधन अक्षमता संजिता, 2016 (2016 का 31) की
धारा 189 द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, एतद्द्वारा प्रो. एम.पी. राम मोिन, प्रोफेसर, भारतीर् प्रबंधन
संस्ट्थान, अिमिाबाि और श्री िीनबंध ु मिापात्र, गैर-कार्कय ारी स्ट्वतंत्र जनिेिक, इंजडर्ाबुल्स िाउससंग जलजमटेड को
19 फरवरी, 2024 से पांच वर्य की अवजध के जलए र्ा िब तक उनकी आर्ु पैंसठ वर् य की निीं िो िाती र्ा अगल े आिेिों
तक, िो भी पिल े िो, भारतीर् दिवाला और िोधन अक्षमता बोडय में अंिकाजलक सिस्ट्र् के रूप में जनर्िु करती ि।ै
अनीता िाि आकेल्ला, संर्क्ु त सजचव
2370 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 2]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 21st March, 2024
No. 30-36/2022-Insolvency.—In exercise of the powers conferred by Section 189 of the
Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints Prof. M.P.
Ram Mohan, Professor, Indian Institute of Management, Ahmedabad and Shri Dinabandhu Mohapatra,
Non-Executive Independent Director, Indiabulls Housing Limited as Part-time members in the Insolvency
and Bankruptcy Board of India with effect from 19th February, 2024 for a period of five years or till they
attain age of sixty-five years or until further orders, whichever is earlier.
ANITA SHAH AKELLA, Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.