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Insolvency and Bankruptcy Board of India hereby constitutes a ‘Working Group on Group Insolvency’. 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.

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

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