Chief General Manager /General Manager jobs in Delhi at Insolvency and Bankruptcy Board of India

No. IBBI/HR/252

Appointment of Chief General Manager (CGM) and General Manager (GM) on deputation.

The Insolvency and Bankruptcy Board of India (IBBI),a statutory body established under the Insolvency andBankruptcyCode, 2016, invites applications for 08 (Eight) posts of Chief General Manager (“Grade F”) and General Manager (“Grade E”) on deputation from eligible officers currently working in Central Government, State Governments, Public Sector Units or Autonomous Organizations.

Pay and Allowances:a. Remuneration: IBBI has adopted pay on the pattern of SEBI pay scales for its executives. The present pay for the Chief General Manager (Grade ‘F’) is Rs.1,01,900-3,000(4)-1,13,900(5 years) and thatfor General Manager (Grade-“E) is Rs. 72,800- 2,250(1)-75,050-2,400(2)-79,850-2,500(3)-87,350-3,000(5)-1,02,350(12 years). Other benefits including House Allowance, Transport, LFC andMedicalBenefits will be admissible.

b. The officers will have an option to retain the pay scale, personal pay, DA of his original employer along with deputation allowance or select pay scale of IBBI. The option once exercised will be final.

Eligibility for Deputation: a. Officers of RBI, Banks, Financial Institutions, Regulatory bodies, statutory bodies and academies: Officers with not less than 17 years of experience in Officer Grade applying for CGM and Officers with not less than 14 years of experience in Officer Grade for applying for GM.

The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.

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