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On which date was the Insolvency and Bankruptcy Board of India formally established?

A15 August 2015
B01 January 2016
C01 October 2016
D08 November 2016
Answer & Solution
Correct answer: C. 01 October 2016
IBBI was set up on 1 October 2016 following the passage of the Insolvency and Bankruptcy Code.
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