Valuation for Insolvency Proceedings

Valuation for
Valuation for Insolvency Proceedings

Valuation for Insolvency Proceedings – Insolvency & Bankruptcy Code, 2016

RNC is a leading valuation advisor with expertise in the areas of valuation for Insolvency proceedings, Merger & Acquisition, Bank lending, dispute resolution, financial reporting, etc.

RNC clients include publicly traded and privately held companies, Banks, Audit firms, Law firms, Government entities & Investment organizations, etc.

RNC has carried out numerous Valuations for the following:

  • Liquidations by Official Liquidator
  • Asset Reconstruction Companies (ARCs)
  • Debt Recovery Tribunal (DRT)
  • Valuation under SARFAESI Act

RNC has been a frontrunner in Valuation for the cases admitted by NCLT as per the Insolvency & Bankruptcy Code, 2016. The subject of Insolvency proceedings is inherently technical and is subjected to constant refinement through new legislations, rules and regulations made by Governments or through court decisions. The professionals at RNC are abreast of all the developments in this domain and provide specialist services to all its clients by adopting methods of value computation in accordance with internationally accepted valuation standards.

The Insolvency and Bankruptcy Code, 2016 aims to consolidate and amend the laws relating to insolvency resolution, which are contained in various enactments, into a single legislation. The main focus of this legislation is at providing resurrection and resolution in a time bound manner for maximization of value of debtor’s assets. The Interim Resolution Professional (IRP) appoints the Valuer to carry out the Valuation of the company assets prior to the commencement of the resolution process as per Regulation 35 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. This regulation stipulates:

(1) The liquidator shall appoint registered valuer to value the company assets

(2) The registered valuer appointed shall independently submit the estimates of the liquidation value of the asset(s) computed in accordance with internationally accepted valuation standards, after physical verification of the assets of the corporate debtor.