MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
MANAGEMENT OF AFFAIRS OF THE CORPORATE DEBTOR - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 Chapter VIII VALUATION AND INFORMATION MEMORANDUM
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Registered valuers appointment rules govern prompt valuation and conflict-of-interest exclusions in pre-packaged insolvency resolution. The resolution professional must, within three days of appointment, appoint registered valuers to determine the fair value and liquidation value of the ... Summary
Registered valuers appointment rules govern prompt valuation and conflict-of-interest exclusions in pre-packaged insolvency resolution.
The resolution professional must, within three days of appointment, appoint registered valuers to determine the fair value and liquidation value of the corporate debtor. The committee may decide, for recorded reasons, that two sets of registered valuers be appointed. A person cannot be appointed as a registered valuer if that person is a related party of the corporate debtor, its auditor within the preceding five years, a partner or director of the relevant insolvency professional entity, or a relative of the resolution professional or such partner or director.
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