Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018 - No. IBBI/2017-18/GN/REG/025 - Insolvency and Bankruptcy
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Fair value and liquidation value obligations clarified, with valuer appointment, confidentiality and evaluation matrix requirements enforced. Amendments require the resolution professional to appoint a registered valuer within seven days to determine fair value and liquidation value using internationally accepted standards, prohibit certain persons from acting as valuers, and mandate physical verification. Valuation estimates and the information memorandum are to be provided electronically to committee members and prospective applicants only after confidentiality undertakings. The resolution professional must invite resolution plans with an evaluation matrix within prescribed pre-submission timelines, may modify the invitation with committee approval, and must submit approved plans to the adjudicating authority with certification and within the fast track timeline subject to transitional exceptions.
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.
Fair value and liquidation value obligations clarified, with valuer appointment, confidentiality and evaluation matrix requirements enforced.
Amendments require the resolution professional to appoint a registered valuer within seven days to determine fair value and liquidation value using internationally accepted standards, prohibit certain persons from acting as valuers, and mandate physical verification. Valuation estimates and the information memorandum are to be provided electronically to committee members and prospective applicants only after confidentiality undertakings. The resolution professional must invite resolution plans with an evaluation matrix within prescribed pre-submission timelines, may modify the invitation with committee approval, and must submit approved plans to the adjudicating authority with certification and within the fast track timeline subject to transitional exceptions.
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