Section 191
Powers of Chairperson.
The Insolvency and Bankruptcy Code, 2016.
About this Act
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
Save as otherwise determined by regulations, the Chairperson shall
have powers of general superintendence and direction of the affairs of the Board and may also exercise
such other powers as may be delegated to him by the Board.