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of <h1>India's Insolvency Board Amends Liquidation Regulations: New Asset Sale Rules and Valuation Methods Introduced.</h1> The Insolvency and Bankruptcy Board of India issued the Second Amendment to the Liquidation Process Regulations, 2018, effective upon publication in the Official Gazette. Key changes include the replacement of regulation 32, allowing liquidators to sell assets or businesses in various forms, including as a going concern, provided security interests are relinquished. Regulation 35 mandates valuation by two registered valuers, excluding certain related parties, with the average of their estimates used for asset valuation. Regulation 40 and Schedule II were also amended to include business in asset parcels and update Form B for public announcements regarding liquidation proceedings.
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