The Insolvency & Bankruptcy Board of India (IBBI) was set up on October 1, 2016 under the Insolvency and Bankruptcy Code, 2016. It is the implementor of the IBC, which amends and consolidates the laws pertaining to insolvencies in a timely manner.
The IBBI will be observing its 5th Annual Day on October 1 this year. During this occasion, an annual publication â€œQuinquennial of Insolvency and Bankruptcy Code, 2016â€ will be released. Five years since its establishment, its efforts has significantly boosted entrepreneurship and credit availability in the country. It had also balanced the interests of all stakeholders.