The Insolvency and Bankruptcy Board of India (IBBI) have dismissed an appeal filed by Mr. Vipan Kumar, a registered valuer (RV), challenging his three-month suspension. The disciplinary action, originally imposed by IBBI on 26th March 2025, pertained to his role in the corporate insolvency resolution process (CIRP) of M/s Base Corporation Limited.
Mr. Kumar, registered as a valuer for Land and Building under the Companies (Registered Valuers and Valuation) Rules, 2017, had conducted a valuation of the debtor’s land assets situated in Hosur and Solan. However, the IBBI found that the valuation report failed to meet the disclosure standards required under Rule 8(3)(g) of the Valuation Rules, leading to the suspension of his…