Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2026.

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....the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, (hereinafter referred to as 'the principal regulations'), in regulation 2, for clause (hb), the following shall be substituted, namely:- "(hb) "fair value" means the estimated realizable value of the corporate debtor or the....

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....et by the resolution professional, in consultation with the committee, for computation of the fair value of the corporate debtor; Explanation-For the purpose of clause (a),"asset class" means the definition provided under the Companies (Registered Valuers and Valuation) Rules, 2017; (b) the resolution professional shall facilitate a meeting wherein the registered valuers, including coordinating valuers, shall explain the methodology being adopted to arrive at the valuation, to the members of the committee, before computation of estimates; (c) each registered valuer shall, after physical verification of the inventory and fixed assets of the corporate debtor, submit to the resolution professional and the coordinatin....

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....y registered valuers in each asset class shall be considered as the liquidation value of the corporate debtor." 5. In the principal regulations, in regulation 35, after sub-regulation (1), the following shall be inserted namely:- "(1A) A registered valuer shall prepare the valuation report and maintain such documentation as per the format notified by the Board through circular." 6. In the principal regulations, in regulation 36, in sub-regulation (2), (i) in clause (a), for the word and mark 'values.', the word and mark 'values;' shall be substituted. (ii) after clause (a), the following clauses shall be inserted, namely:- "(aa) Details of receivables of the corporate debtor, including trade receiva....