WHY IN NEWS?

• Navrang Saini has been given the additional charge as the Chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
• The post fell vacant after M.S. Sahoo retired after a five-year tenure on September 30. Saini is a Whole Time Member of IBBI.
• The government has assigned additional charge of Chairperson to Mr Saini in addition to his existing duties.
• This will be for three months or till the joining of a new incumbent to the post or until further orders, whichever is earlier, it said in a release on October 13.