IBC Law mandates the Insolvency Professional to appoint a Registered Valuer for the valuation of the Assets of:

Corporate Debtor undergoing Corporate Insolvency Resolution Process (CIRP)

Regulation 27 of Insolvency and
Bankruptcy Board of India (Insolvency
Resolution Process for Corporate
Persons) Regulations, 2016 mandate
that an Insolvency Professional (IP)
is required to appoint Registered
Valuers for the determination of Fair
Value and Liquidation value of the
assets of the Corporate Debtor after
initiation of CIRP by NCLT

Corporate Debtor undergoing Liquidation

Regulation 35 of Insolvency and
Bankruptcy Board of India (Liquidation
Process) Regulations, 2016 mandate
that in cases where Valuation of assets
of the corporate debtor has not been
conducted during CIRP, the liquidator
shall appoint two registered valuers to
determine the realizable value of the
assets or businesses under clauses (a)
to (f) of regulation 32 of the corporate
debtor.

Corporate Debtor undergoing Fast Track Corporate Insolvency Resolution Process (FTCIRP)

Regulation 26 of Insolvency and
Bankruptcy Board of India (Fast
Track Insolvency Resolution Process
for Corporate Persons) Regulations,
2017 mandate that an Insolvency
Professional (IP) is required to
appoint Registered Valuers for the
determination of Fair Value and
Liquidation value of the assets of the
Corporate Debtor after initiation of
FTCIRP by NCLT.

Corporate Debtor undergoing Voluntary Liquidation

Sec 59(3)(b)(ii) of the Insolvency and
Bankruptcy Code, 2016 requires
Corporate Debtor, filing for voluntary
liquidation, to file a report of the
valuation of the assets of the
company prepared by a registered
valuer where the Corporate Debtor
has any assets.

Individual Guarantors to Corporate Debtors and other Individuals

Regulation 30 of IBBI (Bankruptcy Process
For Personal Guarantors to Corporate
Debtors) Regulations, 2019 allow the
bankruptcy trustee to appoint a registered
valuer to value the assets which may
or may not form part of the bankrupt’s
estate, when he is of the opinion that it
is necessary or when a resolution to that
effect has been passed by the committee.