Insolvency: Centre may rejig valuation process

THE GOVERNMENT PLANS to revise valuation norms under the Insolvency and Bankruptcy Code (IBC) to ensure intangible assets are fully captured in assessments of distressed companies, while giving the Insolvency and Bankruptcy Board of India (IBBI) greater authority over how valuation reports are prepared.

- MANU KAUSHIK

In a discussion paper, the IBBI said the move aims to “address concerns relating to inconsistencies, lack of uniformity, and other related issues in the conduct of valuations under the IBC, 2016”.