Tuesday, September 26

The Insolvency and Bankruptcy Board of India Announces Results of the 2nd National Online Quiz on the Insolvency and Bankruptcy Code, 2016.

The Insolvency and Bankruptcy Board of India (IBBI), in collaboration with MyGov.in
and BSE Investors’ Protection Fund (BSE IPF), conducted ‘2nd National Online Quiz
on Insolvency and Bankruptcy Code, 2016’ from 1st August, 2021 to 31st August, 2021,
to promote awareness and understanding of the Insolvency and Bankruptcy Code, 2016
among various stakeholders, across the country. The Quiz was open for all Indian citizens
above 18 years of age, except for individuals working in IBBI, service providers registered
with IBBI, BSE IPF and their immediate family members.

The Quiz received an overwhelming response and over 63,200 participants from all the
States and Union Territories participated in the Quiz. Uttar Pradesh accounted for the
highest participation with 13.94% of total participants, followed by Maharashtra with
11.25% and Delhi with 6.56%.

The Quiz evinced great interest from a wide range of stakeholders, including students,
professionals, and employed persons alike. About 36% of the top 10% performers were
students or members of chartered accountancy, company secretaryship or cost and
management accountancy; and 6% are employees of banks and financial institutions. Mrs. Sunny Pallavi (User Id – 4360484) emerged as the best performer and is to be
awarded a Gold Medal with a cash prize of Rs.1,00,000 (One lakh rupees).

Mr. Varun Balji Galpalli (User Id – 45738534) has been declared as second best performer and to
get Silver Medal and a cash prize of Rs.50,000 (Fifty thousand rupees) and Ms. Payal
Mishra Kajal (User Id – 37700354) isto receive Bronze Medal and a cash prize of Rs.25,000
(Twenty-five thousand rupees).

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