IBBI Amends Voluntary Liquidation Regulations 2026 | Prescribes Valuation Report Format

Notification F. No. IBBI/2025-26/GN/REG137, Dated: 25.02.2026

The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2026, introducing changes relating to valuation reporting and documentation requirements.

1. Insertion of Explanation in Regulation 3

The amendment inserts an explanation in Regulation 3 mandating that a registered valuer must:

• Prepare the valuation report in the format specified by the Board, and
• Maintain supporting documentation in accordance with the format notified by the IBBI through a circular.

This ensures uniformity and standardisation in the preparation and maintenance of valuation reports in voluntary liquidation cases.

2. Format Prescribed by the Board

The valuation report and related documentation must be prepared and maintained as per formats notified by the IBBI from time to time through circulars. This provides flexibility for the Board to update reporting requirements in line with evolving regulatory and professional standards.

3. Effective Date

The amended regulations will come into force from the date of their publication in the Official Gazette.

4. Objective of the Amendment

The amendment seeks to:

• Standardise valuation reporting and documentation in voluntary liquidation
• Enhance transparency and reliability of valuation processes
• Strengthen regulatory oversight and compliance
• Ensure consistency across liquidation proceedings

Overall, the revised framework aims to improve the quality and uniformity of valuation practices under the voluntary liquidation process.

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