Notification F. No. IBBI/2025-26/GN/REG136, Dated: 25.02.
The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Liquidation Process) (Second Amendment) Regulations, 2026, introducing changes relating to valuation standards and documentation requirements in the liquidation process.
1. Replacement of Reference to Companies (Registered Valuers and Valuation) Rules, 2017
The amendment substitutes the earlier reference to the Companies (Registered Valuers and Valuation) Rules, 2017 with valuation standards notified by the IBBI through circulars.
This change enables the Board to prescribe and update valuation standards through circulars from time to time, allowing greater flexibility and alignment with evolving regulatory and market requirements.
2. Mandatory Format for Valuation Reports and Documentation
A new sub-regulation (8) has been inserted mandating that:
- The registered valuer must prepare the valuation report in accordance with the format specified by the Board.
- The valuer must also maintain supporting documentation as per the prescribed format notified by the IBBI.
This requirement is intended to standardise valuation reporting and documentation across liquidation proceedings.
3. Objective of the Amendment
The amendments aim to:
- Ensure uniformity and consistency in valuation practices during liquidation
- Strengthen transparency and reliability of valuation reports
- Provide flexibility to update valuation standards through regulatory circulars
- Enhance regulatory oversight and documentation standards
Overall, the revised regulations seek to improve the integrity and effectiveness of the liquidation process under the Insolvency and Bankruptcy Code.
Click Here To Read The Full Notification
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