Valuation Under IBC

Independent, IBBI-Certified Valuation for CIRP, Liquidation & Insolvency Proceedings

Under the Insolvency and Bankruptcy Code, every insolvency proceeding requires a valuation by an IBBI Registered Valuer. It is a statutory mandate, not a commercial choice. The valuation determines two critical numbers: Fair Value and Liquidation Value. These directly shape the Committee of Creditors' decisions, resolution of plan pricing, and creditor recoveries. My Valuation delivers independent, IBBI-certified IBC valuation reports prepared under International Valuation Standards, within IBBI-prescribed timelines.

Get a Free Consultation

Fair & Liquidation Value Experts

NCLT-Ready Valuations

Fast 47-Day Delivery

End-to-End IBC Support

India's Trusted IBC Valuation Experts

My Valuation provides independent IBC valuation services across India working directly with Insolvency Professionals, Resolution Professionals, Committee of Creditors, lenders, and distressed asset acquirers on all valuation requirements under the Insolvency and Bankruptcy Code, 2016.

Our firm is led by CA Parth Shah, IBBI Registered Valuer for Securities or Financial Assets (IBBI/RV/06/2020/13086) with the specific registration mandated for conducting valuations under CIRP and liquidation proceedings. Every report is prepared in accordance with International Valuation Standards (IVS) as required by IBBI regulations designed to withstand scrutiny from the Adjudicating Authority (NCLT), creditors, and resolution applicants without challenge.

IBC Valuation Services We Offer

We provide end-to-end valuation support across all stages of insolvency and restructuring under the Insolvency and Bankruptcy Code (IBC)::

CIRP Valuation

Independent determination of Fair Value and Liquidation Value by IBBI Registered Valuers to support resolution planning and CoC decision-making.

Liquidation Valuation Support

Asset valuation services to assist liquidators in value discovery and efficient realization during the liquidation process.

Voluntary Liquidation Valuation

Fair market valuation of assets to enable transparent and equitable distribution to creditors and shareholders in solvent wind-ups.

Fast Track CIRP Valuation

Timely valuation services for eligible small companies under the fast-track insolvency process with compressed timelines.

Pre-Pack Insolvency (PPIRP) Valuation

Independent valuation support for MSMEs under pre-packaged insolvency, ensuring fair pricing and regulatory compliance.

Distressed Asset & NPA Valuation

Independent FMV of stressed assets, security interests, and NPA portfolios for lenders, ARCs, and investors outside formal insolvency.

What IBC Actually Requires During CIRP

Under Regulation 27 of the IBBI (CIRP) Regulations, the Resolution Professional must appoint two registered valuers to determine the Fair Value and Liquidation Value of the corporate debtor within 47 days of the insolvency commencement date. This is not optional.

Here is exactly what the law requires:

Two Valuers Mandatory

Fair Value

Liquidation Value

Confidentiality

Valuation During Liquidation & Voluntary Winding Up

Liquidation Process - Regulation 35 When CIRP fails and the corporate debtor proceeds to liquidation; the Liquidator must get assets valued before any sale. An IBBI Registered Valuer determines the FMV of each asset class of land and building, plant and machinery, and securities or financial assets. This valuation establishes the reserve price for asset auctions and ensures fair distribution to creditors in the order of priority prescribed under IBC.

Voluntary Liquidation - Regulation 3 of??? When a solvent company decides to wind up voluntarily, an IBBI Registered Valuer must certify the FMV of assets being distributed to members and creditors. This ensures equitable distribution and full compliance with IBBI's Voluntary Liquidation Process Regulations, 2017 - protecting the company and its stakeholders from any future disputes over distribution fairness.

Fair Value vs. Liquidation Value - Know the Difference

Under IBC, two distinct valuations are required simultaneously. Confusing them or treating them as the same is a costly compliance error. Here is exactly what each means:

Parameter	Fair Value	Liquidation Value
Definition	Estimated realizable value as a going concern	Estimated value if assets are sold after winding up the business
Assumption	Business continues to operate normally	Business is wound up and assets are sold immediately
Used For	Evaluating resolution plans submitted by applicants	Acts as the floor price; no resolution plan is accepted below this value
Disclosed To	Committee of Creditors (CoC) and NCLT only	Committee of Creditors (CoC) and NCLT only
Regulation	Regulation 35, CIRP Regulations 2016	Regulation 35, CIRP Regulations 2016

Understanding Valuation Under IBC

Valuation under the Insolvency and Bankruptcy Code is the independent determination of the Fair Value and Liquidation Value of a corporate debtor's assets by an IBBI Registered Valuer. It is a mandatory statutory requirement under Regulation 27 of the IBBI (CIRP) Regulations; 2016 required within 47 days of the insolvency commencement date.

The valuation directly influences the outcome of the insolvency process; it informs the Committee of Creditors on resolution plan viability, establishes the liquidation floor, and protects creditor interests throughout the proceeding. It must be conducted in accordance with International Valuation Standards (IVS) as mandated by IBBI.

Working on a CIRP or Liquidation Matter?

Get an independent, IBBI-certified valuation report delivered within IBBI-mandated timelines accepted by the NCLT, CoC, and all stakeholders.

Schedule Your Free Consultation

When Does IBC Require a Valuation?

Valuation is mandated at various stages under the IBC framework to ensure transparency, fairness, and informed decision-making:

Voluntary Liquidation

Under the IBBI (Voluntary Liquidation) Regulations, valuation is required to assess the fair value of assets for distribution in case of solvent liquidation.
Corporate Insolvency Resolution Process (CIRP)

As per Regulation 27, the Resolution Professional must appoint two registered valuers within 47 days of the insolvency commencement date to determine Fair Value and Liquidation Value.

Pre-Packaged Insolvency (PPIRP)

Under the IBC framework (Chapter III-A), valuation is required to support the base resolution plan and ensure fair treatment of stakeholders.
Distressed Asset / NPA Transactions

Independent valuation is commonly required by lenders, ARCs, and investors for acquisition or resolution of stressed assets outside formal CIRP.

Fast Track CIRP

Under Regulation 34 of the IBBI (Fast Track CIRP) Regulations, valuation is conducted within an accelerated timeline to determine Fair Value and Liquidation Value.
Liquidation Process

Under Regulation 35 of the IBBI (Liquidation Process) Regulations, the liquidator appoints a registered valuer to determine the realizable value of assets for distribution to stakeholders.

Who Needs an IBC Valuation?

Resolution Professionals (RPs)

Committee of Creditors (CoC)

Liquidators

Lenders & Banks (Financial Creditors)

Resolution Applicants & Acquirers

ARC Firms & Distressed Investors

Why Independent IBC Valuation Matters

NCLT Compliance

NCLT Compliance IBBI-certified reports satisfy the Adjudicating Authority's requirements with strict regulatory compliance and no timeline delays to the CIRP process.

Creditor Protection

An Accurate Liquidation Value ensures the CoC never approves a resolution plan that pays creditors less than liquidation would a statutory safeguard built into IBC.

Resolution Plan Integrity

Fair Value gives resolution applicants and the CoC an objective benchmark protecting all parties from mispriced or manipulated transactions.

IVS-Compliant Reports

All reports prepared in accordance with International Valuation Standards as mandated by IBBI defensible before the NCLT, NCLAT, and any appellate forum.

Valuation Methods We Use Under IBC

IBC valuation is unique it requires different approaches for Fair Value and Liquidation Value simultaneously:

Income Approach DCF

For going-concern businesses projects future cash flows and discounts to present value. Used primarily for Fair Value determination under CIRP, where the business has operational continuity.

Market Approach Comparables

Benchmarks against comparable transactions and listed peers used for cross-verification of Fair Value and market-referenced Liquidation Value.

Asset Approach NAV / Orderly Realization

Adjusted Net Asset Value on a forced-sale basis the primary method for Liquidation Value and for setting reserve prices in asset auctions.

Replacement Cost Method

For plant, machinery, and specialized assets determines value based on cost to replace, adjusted for depreciation, obsolescence, and current condition.

IBC Regulations That Require a Valuation Report

Every IBC proceeding has a specific regulation, a specific valuation requirement, and a mandatory timeline. Here is the complete reference:

Regulation / Section	IBC Process	What is Valued
Reg. 27 & 35, CIRP Regulations 2016	CIRP	Fair Value & Liquidation Value of corporate debtor assets
Reg. 35, Liquidation Regulations 2016	Liquidation	FMV / Reserve price for asset sale by Liquidator
Reg. 3, Voluntary Liquidation Regulations 2017	Voluntary Liquidation	FMV of assets for creditor / member distribution
Reg. 34, Fast Track CIRP Regulations 2017	Fast Track CIRP	Fair Value & Liquidation Value - accelerated timeline
Section 59(3)(b)(ii), IBC 2016	Voluntary Liquidation	The declaration of solvency is provided by the liquidator, not the RV. The RV provides the valuation report, which must be attached separately.
Section 54A, IBC 2016 — PPIRP	Pre-Pack Insolvency (MSME)	Fair Value for pre-negotiated resolution plan

How We Deliver IBC Valuation - 5 Steps

01

Requirement Analysis

We identify the IBC process CIRP, Liquidation, Voluntary Liquidation, or PPIRP with the applicable IBBI regulation, asset classes involved, and the valuation timeline mandated.

02

Formal Appointment & Data Collection

Formal appointment by the Resolution Professional or Liquidator followed by collection of financials, asset inventory, property records, and business data from the corporate debtor.

03

Financial Modelling & Site Inspection

Going-concern DCF model for Fair Value and forced-sale NAV model for Liquidation Value with physical inspection of assets where required.

04

Draft Circulation

Draft report shared with the RP for review ensuring accuracy of asset descriptions and methodology assumptions before finalization.

05

Certified Final Report

Signed report issued by IBBI Registered Valuer compliant with IVS and IBBI disclosure requirements, delivered within the 47-day Regulation 27 mandate.

Start Your Valuation Today

What's Inside Our IBC Valuation Report

Every report is prepared for NCLT submission and IBBI compliance:

Executive Summary

Corporate debtor overview, CIRP or Liquidation context, asset classes valued, and the concluded Fair Value and Liquidation Value clear and designed for a regulator's first read.

Appointment Reference

Methodology Rationale

Detailed Asset Workings

Asset-wise valuations going-concern basis for Fair Value and forced-sale basis for Liquidation Value with full calculations for each asset class.

Independence & Compliance Statement

Caveats & Limitations

Why Resolution Professionals Choose My Valuation

We go beyond certification-helping businesses understand value, optimize deals, and stay compliant.

IBBI Registered Valuer Securities & Financial Assets

CA Parth Shah (IBBI/RV/06/2020/13086) for the specific registration mandated for CIRP and Liquidation valuations. Appointed directly by RPs across India.

IVS-Compliant Reports

Every report prepared in accordance with International Valuation Standards as required by IBBI defensible before the NCLT, NCLAT, and any appellate forum.

Both Fair Value & Liquidation Value

Delivered in a single coordinated engagement with no coordination risk, one point of contact, one report timeline.

Timeline Compliance

Reports delivered within the 47-day IBBI mandate under Regulation 27 IBC timelines are non-negotiable, and we treat them that way.

500+ Valuations Completed

Including CIRP, liquidation, and distressed asset engagements across manufacturing, real estate, financial services, and technology sectors.

When Valuation Happens During CIRP - The Full Timeline

The IBC has strict, non-negotiable deadlines for every step of the insolvency process. Here is exactly when valuation fits into the CIRP window:

CIRP Day	Event	Valuation Requirement
Day 1	Insolvency commencement date (ICD)	RP appointment - valuation process begins
By Day 47	Appointment of 2 registered valuers	Fair Value + Liquidation Value Regulation 27 mandate
By Day 75	Valuation reports submitted to RP	Average of 2 valuations determined by RP
Day 90+	Resolution plan submission window opens	Fair Value disclosed to CoC - used to evaluate plans
Day 180	CIRP completion target	Liquidation Value used if no plan approved by CoC
Day 330	Extended CIRP deadline (NCLT approval)	Revised valuation may be required if timelines extend significantly

Trusted by 500+ Companies
to Raise Over ₹1500 Crore

Need an IBBI-Certified
IBC Valuation Report?

CIRP, Liquidation, Voluntary Winding Up, or PPIRP - My Valuation delivers compliant, NCLT-ready reports within IBBI-mandated timelines.

Frequently Asked Questions

Who can conduct valuation under IBC in India?

Only an IBBI Registered Valuer from the relevant asset class is authorized under IBC. A CA or Merchant Banker alone cannot conduct IBC valuation without holding a specific IBBI registration.