Mumbai: Insolvency and Bankruptcy Board of India (IBBI) in furtherance of its mandate to promote awareness about the provisions of the Insolvency and Bankruptcy Code, 2016 (Code) is organising the 2nd National Online Quiz on Insolvency and Bankruptcy Code, in association with MyGov and BSE IPF.
The Insolvency and Bankruptcy Code, 2016 (IBC) provides a market mechanism for reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals, in a time bound manner, for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all stakeholders. It is one of the deepest economic reforms witnessed in India in recent years.
The Quiz will be active for online participation at quiz.mygov.in from 1st August, 2021 to 31st August, 2021. It is expected that this National Quiz will further enhance awareness about the benefits of the Code, amongst the market participants, practitioners and all other stakeholders. There are attractive cash prizes and medals for the 3 top performers and also cash prizes for the next ten performers, sponsored by the BSE Investors Protection Fund, as part of their investor awareness initiatives. Further, the top 10% performers shall be awarded Certificate of Merit by IBBI.
The first Edition of the National Online Quiz was conducted successfully last year from 1st July to 31st July, 2020. Last year, the quiz received overwhelming response with over 1.25 lakh participants, representing every State and Union Territory of the country.
The brochure for the 2nd National Online Quiz, containing terms & conditions and awards & commendations being offered etc. is available on www.ibbi.gov.in and a copy is also attached for ready reference.