IBBI reduces default valuer appointments for MSME insolvency cases
Resolution professionals must appoint one valuer set for MSME corporate debtors unless the committee records reasons for two
IBBI
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Change
IBBI amended CIRP Regulation 27 to make one set of registered valuers the default for MSME corporate debtors, unless the committee records written reasons for appointing two sets.
Why it matters
The amendment reduces the default valuation requirement in MSME corporate insolvency cases. Committees of creditors can still require two sets of registered valuers, but only through a documented decision with reasons recorded in writing.
Implications
- — Resolution professionals handling CIRP for MSME corporate debtors must appoint one set of registered valuers unless the committee decides otherwise with written reasons.
- — Committees of creditors in MSME CIRP matters must record reasons in writing before directing appointment of two sets of registered valuers.
- — Insolvency process teams must update valuation appointment templates and committee approval records for MSME corporate debtor cases.
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