Former Deputy CAG Suman Saxena and two others have been appointed as whole-time members in Insolvency and Bankruptcy Board of India (IBBI).
Besides Saxena, Mukulita Vijaywargiya and Navrang Saini have also been appointed as the new members.
Vijaywargiya, an officer of Indian Legal Service, is working as Additional Secretary in Ministry of Law and Justice.
Saini, who belongs to Indian Corporate Law Service, is Director General in Ministry of Corporate Affairs.
They have been appointed to the board for five years or till completion of 65 years of age, an order issued by the Personnel Ministry said.
The board is mandated to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code.
The code is meant for insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.
