Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026.
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Pre-packaged insolvency valuation rules now require timely valuers, tighter conflict exclusions, and clarified fair value methodology.
The pre-packaged insolvency resolution process valuation framework is revised to require the resolution professional to appoint registered valuers within three days of appointment, unless two sets are appointed for recorded reasons. The amendment also excludes related parties, recent auditors, connected insolvency professional entity officials, and specified relatives from appointment. It further clarifies that the coordinating valuer's fair value, or the average of two sets where appointed, and the aggregate liquidation value, or the aggregate of average estimates from two sets, will govern valuation of the corporate debtor.