Sandip Garg, a former tax officer who also worked as the executive director of the Insolvency and Bankruptcy Board of India (IBBI), on Friday took over as a whole-time member of the bankruptcy regulator.
Garg, a 1992-batch Indian Revenue Service officer, was handling a diverse portfolio at the IBBI as its executive director. This includes corporate and individual insolvency and liquidation.
Announcing Garg’s elevation, the regulator said: “At IBBI, he played an instrumental role in streamlining the corporate insolvency process and liquidation process through a series of policy and regulatory interventions, including framing regulations, along with technology upgrades.”
Before the latest appointment, the board of the insolvency regulator comprised chairman Ravi Mittal, two whole-time members and four ex-officio members.