The Insolvency and Bankruptcy Board of India (IBBI) has unveiled a comprehensive set of proposals aimed at overhauling the valuation process under the Insolvency and Bankruptcy Code (IBC), a move intended to enhance transparency, consistency, and the reliability of asset assessments during corporate resolutions.
In a discussion paper released today, the IBBI identified key challenges in the current system, including inconsistent valuation reports, the use of different standards, and a failure to capture the holistic “going concern” value of a business. To address these, the regulator has put forward five key reform proposals.
Key proposed reforms:
- Standardised Valuation Reports: The IBBI plans to mandate a…