Jayanti Prasad Gets Additional Charge as IBBI Chairperson

Jayanti Prasad, a Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI), assumed additional charge as Chairperson on 13 September 2026. He will hold the post until 20 November 2026 or until a full-time successor joins the office.

Insolvency and Bankruptcy Board of India

The Insolvency and Bankruptcy Board of India is a statutory regulator established under the Insolvency and Bankruptcy Code, 2016. It regulates insolvency professionals, insolvency professional agencies, information utilities, and corporate insolvency processes in India.

Chairperson Appointment and Tenure

Ravi Mital, an Indian Administrative Service officer of the 1986 batch, completed his tenure as IBBI Chairperson after attaining the age of 65 years. He was appointed in February 2022 for a five-year term or until he reached 65 years of age, whichever was earlier.

Jayanti Prasad’s Service Profile

Jayanti Prasad belongs to the Indian Audit and Accounts Service of the 1986 batch. He took charge as a Whole Time Member of the IBBI on 5 July 2022.

Important Facts for Exams

• The Insolvency and Bankruptcy Board of India functions as the regulator under the Insolvency and Bankruptcy Code, 2016.
• The IBBI regulates insolvency professionals, insolvency professional agencies, and information utilities.
• Ravi Mital served as IBBI Chairperson from February 2022 until September 2026.
• Jayanti Prasad is an officer of the Indian Audit and Accounts Service, 1986 batch.

Current Vacancy Process

The Government of India has initiated the process to appoint a full-time Chairperson for the IBBI. The additional charge arrangement will end when the new Chairperson assumes office.