Insolvency and Bankruptcy Board of India (Pre-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e-Packaged Insolvency Resolution Process) (Second Amendment) Regulations, 2026 F. No. IBBI/2026-27/GN/REG143.- In exercise of the powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Pre-Pack....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on value of the corporate debtor, unless the committee decides, for reasons to be recorded in writing, to appoint two sets of registered valuers: Provided that the following persons shall not be appointed as registered valuers, namely: - (a) a related party of the corporate debtor; (b) an auditor of the corporate debtor at any time during the five years preceding the pre....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tive set", the words "the set" shall be substituted. (v) in clause (d) for the words "a set", the words "the set" shall be substituted and the words "within that set" shall be omitted. (vi) for clause (e), the following clause shall be substituted, namely:- "(e) the fair value as submitted by the coordinating valuer in accordance with clause (d) shall be considered as th....