Fair value redefined and two-set registered valuer framework mandated for pre-pack valuation and documentation compliance. The amendment redefines fair value as the estimated realizable value of the corporate debtor or its assets on the insolvency commencement date, aggregating all tangible and intangible assets and accounting for underlying synergies. It requires appointment of two sets of registered valuers, with one valuer per asset class and a designated coordinating valuer in each set; valuers must physically verify assets, explain methodology to the committee, submit asset-level fair value and liquidation reports, and the average of the two coordinating-valuer fair value estimates will be the corporate debtor's fair value. Valuers must maintain reports in Board-notified formats.