7th National Online Quiz on the Insolvency and Bankruptcy Code (IBC), 2016, organised by the Insolvency and Bankruptcy Board of India (IBBI) in collaboration with MyGov.
This national quiz aims to promote awareness and understanding of one of India's most significant legal and economic reforms—the Insolvency and Bankruptcy Code (IBC), 2016.
Quiz Details
- Start Date: 15 July 2026
- End Date: 15 August 2026
- Number of Questions: 20
- Time Allowed: 600 Seconds (10 Minutes)
- Eligibility: Open to all Indian citizens
- Platform: MyGov
- Login Required: MyGov Authentication
About the Quiz
The Insolvency and Bankruptcy Code (IBC), 2016 provides a comprehensive and time-bound legal framework for resolving insolvency and bankruptcy cases involving companies, partnership firms, and individuals.
The Code seeks to:
- Maximise the value of assets.
- Promote entrepreneurship.
- Improve the availability of credit.
- Balance the interests of all stakeholders.
- Strengthen India's economic and financial ecosystem.
The Insolvency and Bankruptcy Board of India (IBBI) is the statutory regulator responsible for implementing the Code. It regulates insolvency professionals, insolvency professional agencies, information utilities, and registered valuers while overseeing insolvency resolution and liquidation processes.
The quiz offers participants an opportunity to learn about the objectives, institutional framework, provisions, and achievements of the IBC while testing their knowledge through an engaging online competition.
Prizes
Outstanding performers will receive the following awards:
๐ฅ First Prize
- Gold Medal
- ₹1,00,000 Cash Prize
๐ฅ Second Prize
- Silver Medal
- ₹50,000 Cash Prize
๐ฅ Third Prize
- Bronze Medal
- ₹25,000 Cash Prize
๐ Next 20 Best Performers
- ₹5,000 each as a consolation prize
The consolation prizes are sponsored by the BSE Investors Protection Fund and will be presented during a ceremony organised by the Insolvency and Bankruptcy Board of India (IBBI).
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