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 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.
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.
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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