Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016 Chapter VIII CONDUCT OF CORPORATE INSOLVENCY RESOLUTION PROCESS
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Appointment of professionals: resolution professional must secure registered valuers and other experts to determine values and assist the process. The resolution professional must appoint two registered valuers to determine the fair value and liquidation value of the corporate debtor in accordance with regulation 35 within the prescribed early stage. Additional professionals may be appointed where necessary on an arm's length basis via an objective and transparent process, subject to specified exclusions, and fees must be invoiced to and paid directly into the appointed professional's bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appointment of professionals: resolution professional must secure registered valuers and other experts to determine values and assist the process.
The resolution professional must appoint two registered valuers to determine the fair value and liquidation value of the corporate debtor in accordance with regulation 35 within the prescribed early stage. Additional professionals may be appointed where necessary on an arm's length basis via an objective and transparent process, subject to specified exclusions, and fees must be invoiced to and paid directly into the appointed professional's bank account.
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