MCA Appoints Law Secretary Dr. Anju Rathi Rana as Ex-Officio Member of Insolvency Board [Read Notification]

This appointment has been made under Section 189(1)(c) of the Insolvency andBankruptcy Code (IBC), 2016. Dr. Rana will now represent the Ministry of Law and Justice on the IBBI.

The IBBI is the government body that oversees how bankruptcies and insolvencies are handled in India. It was set up in October 2016 and regulates insolvency professionals, agencies, and information utilities. It also ensures that the resolution process for companies and individuals going bankrupt is done fairly and efficiently.

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Dr. Rana’s appointment means that the Ministry of Law and Justice will now have direct representation in the IBBI’s decision-making. The IBBI’s board includes members from different government departments, including the Ministry of Finance and the Reserve Bank of India, along with full-time and part-time members.

This appointment comes at a time when IBBI is introducing important changes to improve the insolvency process. In May and July 2025, IBBI issued amendments to the Corporate Insolvency Resolution Process (CIRP) rules.

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These changes aim to make the process more transparent and faster. For example, one change allows those who give interim finance (short-term loans) to attend creditor meetings as observers. Another rule now requires Resolution Professionals (RPs) to inform creditors about any suspicious or fraudulent transactions before presenting a resolution plan.

These updates show that IBBI is serious about cleaning up the insolvency process and protecting the interests of lenders, businesses, and investors.

With Dr. Rana on the board, IBBI is expected to benefit from stronger legal guidance and better coordination with the Ministry of Law and Justice.

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