Insolvency and Bankruptcy Board of India

No. IBBI/PR/2021/16

30th July, 2021

Press Release

The Insolvency and Bankruptcy Board of India organises 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,  is conducting ‘2nd National Online Quiz on Insolvency and Bankruptcy Code, 2016’ from 1^st August, 2021 to 31st August, 2021, to promote awareness and understanding of the Code among various stakeholders, across the country.

2. This is in continuation to the last year’s 1st Edition of the Quiz, organized which evinced an overwhelming response with over 1.25 lakh participants representing all the States and Union Territories of the country. The Quiz received interest from a wide range of stakeholders, including students, professionals and employees.

3. This Quiz shall be open on the MyGov portal https://quiz.mygov.in for all the Indian citizens above 18 years of age, except for individuals working in IBBI, service providers registered with IBBI, and also their immediate family members.

4. The best performer will be awarded a Gold Medal along with a cash prize of ₹ 1,00,000/- (One lakh rupees only). The second-best performer will be awarded a Silver Medal along with a cash prize of ₹ 50,000/- (Fifty thousand rupees only) and the third best performer will be getting an award of a Bronze Medal along with a cash prize of ₹ 25,000/- (Twenty five thousand rupees only). The next ten best performers will be awarded consolation prizes of ₹ 10,000/- (Ten thousand rupees only) each. Further, top 10% performers shall be awarded ‘Certificates of Merit’ and all the participants will receive ‘Certificates of Participation’. The cash prizes and medals are sponsored by the BSE Investors Protection Fund, as part of its investor awareness initiatives.

5. The details of terms and conditions, schedule, awards and commendations being offered are available at https://ibbi.gov.in/events/upcoming-events and the Quiz can be played at https://quiz.mygov.in/quiz/2nd-national-online-quiz-on-insolvency-and-bankruptcy-code[1]2016/.

6. The IBBI encourages all the stakeholders to participate in the Quiz and make use of it for awareness and knowledge management.

Insolvency and Bankruptcy Code awareness quiz open to eligible citizens, offering medals, sponsored awards and certificates. Organises a national online quiz to promote awareness of the Insolvency and Bankruptcy Code, conducted by IBBI with MyGov.in from 1-31 August 2021; open to Indian citizens over 18 with exclusions for IBBI employees, registered service providers and their immediate family members, playable on the MyGov portal with terms and schedule on the IBBI events page; tiered medals, sponsored cash awards, Certificates of Merit for top 10% and Certificates of Participation for all.