IBBI Proposes One Valuation Estimate for Companies Up to a Certain Asset Size and for MSME Companies
- Blog|News|Insolvency and Bankruptcy Code|
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- By Taxmann
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- Last Updated on 21 June, 2024
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Discussion Paper; Dated: 19.06.2024
The IBBI has issued a discussion paper on proposed amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The various proposals include:
- requiring a registered valuer to submit a valuation report for the corporate debtor as a whole,
- providing one valuation estimate for companies up to a certain asset size and for MSME companies,
- allowing voting by an authorised representative before appointment by the adjudicating authority and
- releasing of guarantees in the resolution plan. Comments may be submitted electronically by July 10, 2024
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