 "Insolvency, IBBI, insolvency and bankruptcy code")
Illustration: Binay Sinha
The Insolvency and Bankruptcy Board of India will provide a unique identification number for each valuation report prepared under the insolvency law to ensure authenticity, the board said in a circular on Monday.
IBBI is the designated authority for registration, monitoring and development of valuers under the Companies Act, 2013.
As per the current practice, Registered Valuer (RV)/ Register Valuers Entity (RVE) submit the valuation reports with or without mentioning any reference number leading to potential issues concerning verification.
“In order to ensure authenticity and to have a unique reference number of the valuation reports, it…
