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    <title>PROPOSED AMENDMENTS IN IBBI(CORPORATE INSOLVENCY RESOLUTION PROCESS) REGULATIONS, 2016</title>
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    <description>Amendments modify authorized representative participation, valuer appointment depending on debtor size, valuation methodology and dispute resolution among valuers, and preserve creditor enforcement rights against guarantors despite reductions in amounts payable under a resolution plan. The authorized representative appointed by creditor choice may attend committee meetings and perform Section 25A duties from application filing until judicial confirmation. Valuer appointments are one for qualifying small debtors (subject to committee opting for two) and two for others. Valuers must physically verify assets, explain methodology, may trigger a third valuer where liquidation estimates differ by twenty-five percent, and the final value is the average of the two closest estimates.</description>
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      <description>Amendments modify authorized representative participation, valuer appointment depending on debtor size, valuation methodology and dispute resolution among valuers, and preserve creditor enforcement rights against guarantors despite reductions in amounts payable under a resolution plan. The authorized representative appointed by creditor choice may attend committee meetings and perform Section 25A duties from application filing until judicial confirmation. Valuer appointments are one for qualifying small debtors (subject to committee opting for two) and two for others. Valuers must physically verify assets, explain methodology, may trigger a third valuer where liquidation estimates differ by twenty-five percent, and the final value is the average of the two closest estimates.</description>
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