Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter V REALISATION OF ASSETS
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Valuation of assets: trustees must appoint registered valuers using Board notified standards, with averaging if two valuers are appointed. Regulation 30 requires the bankruptcy trustee to appoint a registered valuer to physically verify assets and submit estimates of realisable value computed in accordance with valuation standards notified by the Board; the trustee may appoint an additional registered valuer whose independent estimate will be averaged with the first, and valuers must prepare valuation reports and maintain documentation in the Board notified format.
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Provisions expressly mentioned in the judgment/order text.
Valuation of assets: trustees must appoint registered valuers using Board notified standards, with averaging if two valuers are appointed.
Regulation 30 requires the bankruptcy trustee to appoint a registered valuer to physically verify assets and submit estimates of realisable value computed in accordance with valuation standards notified by the Board; the trustee may appoint an additional registered valuer whose independent estimate will be averaged with the first, and valuers must prepare valuation reports and maintain documentation in the Board notified format.
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