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of <h1>Regulation 30: Bankruptcy Trustee Must Appoint Valuer for Asset Assessment in Personal Guarantor Process</h1> The Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, Regulation 30, outlines the process for asset valuation during bankruptcy. A bankruptcy trustee must appoint a registered valuer to assess the assets when deemed necessary or as resolved by the committee. The valuer provides estimates based on international standards after verifying the assets. If needed, an additional valuer may be appointed, and both valuers submit independent estimates. The average of these estimates is taken as the asset value.
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