ibbi: Ravi Mittal, former secretary, department of sports, likely to head IBBI

Ravi Mittal, former secretary at the Department of Sports, is likely to take over as the chairman of the Insolvency and Bankruptcy Board of India (IBBI), according to a note privately circulated by the Ministry of Corporate Affairs.

The Appointments Committee of Cabinet has cleared Mittal’s appointment, the February 2 note said. The appointment will be subject to approval from the Prime Minister Office.

Mittal would head the IBBI for five years or till he is 65 years of age, whichever is early, as per the note, which ET has seen.

The IBBI is a regulatory institution set up by the Ministry of Corporate Affairs for enforcing the Insolvency and Bankruptcy Code. The board regulates corporate insolvency and resolution processes. It also regulates insolvency professionals and information utilities.

The chairman’s post at the IBBI fell vacant after MS Sahoo retired on September 30 last year after completing his five-year tenure. Navrang Saini, a whole-time member of the board, was given the additional charge of IBBI chief for the interim period till the position was filled.

Mittal, a 1986-batch IAS officer from the Bihar cadre, had earlier served as secretary in the information and broadcasting ministry. Last June, he was given additional charge as secretary in the Ministry of Skill Development and Entrepreneurship.