TMI BlogFair value and Liquidation value.X X X X Extracts X X X X X X X X Extracts X X X X ..... esolution professional shall facilitate a meeting wherein registered valuers shall explain the methodology being adopted to arrive at valuation to the members of the committee before computation of estimates. ] 4 [ (b) if the two estimates of a value in an asset class are significantly different, or on receipt of a proposal to appoint a third registered valuer from the committee of creditors, the resolution professional may appoint a third registered valuer for an asset class for submitting an estimate of the value computed in the manner provided in clause (a). Explanation.- For the purpose of clause (b), (i) asset class means the definition provided under the Companies (Registered Valuers and Valuation) Rules, 2017; (ii) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. Dated 31-12-2017 3. Substituted vide No. IBBI/2017-18/GN/REG024 - Dated 06-02-2018, before it was read as, Liquidation value. 35. (1) Liquidation value is the estimated realizable value of the assets of the corporate debtor if the corporate debtor were to be liquidated on the insolvency commencement date. (2) Liquidation value shall be determined in the following manner: (a) the two registered valuers appointed under Regulation 27 shall submit to the interim resolution professional or the resolution professional, as the case may be, an estimate of the liquidation value computed in accordance with internationally accepted valuation standards, after physical verification of the inventory and fixed assets of the corpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. Substituted vide Notification No. IBBI/2023-24/GN/REG113 dated 15-02-2024 before it was read as, (2) After the receipt of resolution plans in accordance with the Code and these regulations, the resolution professional shall provide the fair value and the liquidation value to every member of the committee in electronic form, on receiving an undertaking from the member to the effect that such member shall maintain confidentiality of the fair value and the liquidation value and shall not use such values to cause an undue gain or undue loss to itself or any other person and comply with the requirements under sub-section (2) of section 29: - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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