New Delhi, Feb 7 (IANS) The Insolvency and Bankruptcy Board of India has amended the regulations on the insolvency resolution process for corporate persons, an official release said here on Wednesday.
As per the revised framework, two registered valuers shall be appointed to determine the fair value and the liquidation value of the corporate debtor.
After the receipt of resolution plans, the resolution professional shall provide the fair value and the liquidation value to each member of the committee of creditors in electronic form, on receiving a confidentiality undertaking, said the Ministry of Corporate Affairs release.
The resolution professional and registered valuers shall maintain confidentiality of the fair value and…
Read the full article at: https://www.canindia.com/ibbi-amends-norms-for-insolvency-resolution-process/
