⚫ CEV INFORMATION UPDATE ANNOUNCEMENT

IBBI INVITES PUBLIC COMMENTS ON DISCUSSION PAPER TO STRENGTHEN THE VALUATION PROCESS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

Last Date for Submission: 7th December 2025

The Council of Engineers and Valuers (CEV) wishes to bring to the attention of all registered valuers, valuation professionals, academicians, and industry stakeholders a significant regulatory development concerning the valuation framework under the Insolvency and Bankruptcy Code (IBC), 2016.

The Insolvency and Bankruptcy Board of India (IBBI) has released an important Discussion Paper titled “Strengthening the Valuation Process under the Insolvency and Bankruptcy Code, 2016” and has invited public comments from stakeholders across the valuation ecosystem.

This initiative is part of IBBI’s ongoing efforts to enhance transparency, credibility, and consistency in valuations conducted during Corporate Insolvency Resolution Processes (CIRP), Liquidation, and other statutory exercises under the Code.

🔍 Purpose of the Discussion Paper

The discussion paper seeks to address several emerging challenges and practical issues faced in the valuation regime, including:

Enhancing professional standards and accountability of valuers
Introducing stronger safeguards to improve valuation reliability
Exploring reforms to streamline valuation procedures
Ensuring uniformity in valuation methodologies
Addressing concerns raised by stakeholders, tribunals, and regulatory audits
Strengthening governance and oversight mechanisms
Improving the information flow and due diligence framework available to valuers

Given the crucial role valuers play in insolvency proceedings—where fair, defensible valuation can determine resolution outcomes, creditor recoveries, and investor confidence—the proposed reforms are expected to have far-reaching implications.

📝 Invitation for Comments

IBBI has formally invited comments from registered valuers and valuation organisations, recognizing that field practitioners are best positioned to provide insights, identify pain points, and recommend pragmatic solutions.

Stakeholders are encouraged to submit views on:

Proposed amendments in valuation standards
Challenges in data access and information quality
Issues in coordination between valuers, insolvency professionals, and corporate debtors
Suggestions for strengthening certification, oversight, and disciplinary frameworks
Any emerging sector-specific valuation concerns

CEV encourages its entire valuer community to participate actively and contribute to shaping future regulations.

📅 Important Deadline

Last Date for Submission of Comments:

➡ 7th December 2025

All responses must be submitted on or before this date through the official IBBI platform.

🌐 How to Submit Comments

Comments may be submitted through the official link available under the “Public Comments” section on the IBBI website.

Additionally, the discussion paper can be accessed under:

‘What’s New’
‘Public Comments’

Stakeholders are advised to review the document thoroughly before offering suggestions.

📈 CEV’s Advisory to Valuers

CEV strongly recommends that all valuers—especially those engaged in insolvency, financial reporting, asset valuation, and transaction advisory—examine the discussion paper closely. This is an important opportunity to ensure that:

Practical challenges faced by valuers are highlighted
Realistic and implementable solutions are suggested
The profession’s collective voice is represented in policymaking

CEV will also be consolidating its own institutional recommendations and welcomes inputs from its members for inclusion in its formal submission.

📞 Source Communication

RV Division
Insolvency and Bankruptcy Board of India
New Delhi
Contact: 011-23462949 / 961 / 974

🔔 Final Note from CEV

The Council of Engineers and Valuers appreciates the ongoing efforts of IBBI in strengthening the valuation ecosystem and urges all members to actively participate in this consultative process. A robust, transparent, and professionally governed valuation framework is essential for the success of the IBC and for enhancing stakeholder confidence.

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