The Insolvency and Bankruptcy Board of India (IBBI), on February 25, 2026, issued the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2026, to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
The following has been stated namely: -
• In regulation 35, in sub-regulation (3), for the words “Companies (Registered Valuers and Valuation) Rules, 2017”, the words shall be substituted with:- “such valuation standards as notified by the Board through circular”.
• In regulation 35, after sub-regulation (7), the following shall be inserted, namely:- “(8) For the purposes of this regulation, a registered valuer shall prepare the valuation report and maintain such documentation as per the format notified by the Board through circular.”
[Notification No. IBBI/2025-26/GN/REG136]
