The Insolvency and Bankruptcy Board of India (IBBI) on February 26, 2026, issued a notification to strengthen the valuation and information disclosure framework under the Insolvency and Bankruptcy Code, 2016.
The following has been stated:
• The amendments standardise valuation reports and documentation by mandating a uniform format prescribed by the Board, and harmonise valuation standards across all insolvency processes to ensure consistency, comparability, and reliability. The definition of “fair value” has been revised to explicitly include tangible and intangible assets along with their underlying synergies, ensuring holistic enterprise-level valuation.
• A new concept of a Coordinating Valuer has also been introduced to better capture going-concern value and improve robustness of valuation outcomes.
• Additionally, the amendments strengthen the information disclosure framework by expanding the scope of the Information Memorandum (IM). It now requires disclosure of details of allottees (including homebuyers) whose claims are reflected in company records or RERA records but have not been formally submitted, and mandates that resolution plans provide for their treatment.
• Further, enhanced disclosures relating to receivables, joint development or collaboration agreements, and assets under attachment by enforcement agencies have been prescribed to reduce information asymmetry and promote transparent and efficient resolution outcomes.
[Notification no. - IBBI/PR/2026/2]
