The Insolvency and Bankruptcy Board of India (IBBI) has amended multiple insolvency regulations to streamline valuation requirements for micro, small and medium enterprises (MSMEs), reducing the default requirement for multiple valuers across corporate insolvency resolution, liquidation, and pre-packaged insolvency processes.
Under the amended Corporate Insolvency Resolution Process (CIRP) Regulations, resolution professionals handling MSME corporate debtors will now appoint one set of registered valuers by default, unless the committee of creditors records reasons for appointing two sets. Similarly, in the Liquidation Process Regulations, liquidators dealing with MSMEs will appoint one registered valuer for each asset class, unless, after consultation with the stakeholders’ consultation committee, reasons are recorded for appointing two valuers.
The IBBI has also amended the Pre-Packaged Insolvency Resolution Process Regulations, making a single set of registered valuers the default mechanism unless the committee decides otherwise. Consequential amendments have also been introduced to the methodology for determining fair value and liquidation value where two sets of valuers are appointed.
Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2026
International Financial Services Centres Authority (Fund Management) (Amendment) Regulations, 2026