Last month, I was reviewing a valuation report submitted in an NCLT matter – a mid-sized manufacturing company going through CIRP. The report was technically compliant as of December 2025. But as of April 1, 2026, it would have been sent back. No explicit basis of value stated. No documented methodology rationale. Assumptions buried in a one-line footnote.
This is the new reality after IBBI Circular No. IBBI/RV/93/2026.
If you’re a CA advising clients in insolvency proceedings or sitting on a committee of creditors, you need to understand what changed and why it matters to you directly.
What IBBI/RV/93/2026 Actually Says
On April 1, 2026, the IBBI notified the International Valuation Standards (IVS), as issued by the…