NCLT / IBC Valuation
Fair value and liquidation value for resolution professionals and liquidators, by IBBI Registered Valuers in each asset class.
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IBBI Registered Valuers
Valuers registered with the Insolvency and Bankruptcy Board of India for Land & Building and Plant & Machinery — each registration number linked to the official register.
Overview
What an IBBI Registered Valuer is
A registered valuer is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the Companies (Registered Valuers and Valuation) Rules, 2017. Registration is for a specific asset class — Land & Building, Plant & Machinery, or Securities or Financial Assets — and requires the qualifications and experience the Rules set out, the IBBI valuation examination for that class, and membership of a registered valuers organisation.
Valuations required under the Companies Act, 2013 must be carried out by a registered valuer, and under the Insolvency and Bankruptcy Code resolution professionals and liquidators appoint registered valuers for each class of assets. Banks and other institutions also ask for them for lending and recovery.
Our directors and valuers hold IBBI registrations for Land & Building and for Plant & Machinery, and we work with an associate registered valuer for Securities or Financial Assets. The table below links each registration to the IBBI register, so you can confirm it before you appoint us.
Purposes
When an IBBI Registered Valuer is needed
Insolvency & liquidation
Fair value and liquidation value under the Insolvency and Bankruptcy Code, by asset class.
Insolvency & liquidation
- Two registered valuers per asset class in a resolution process
- Appointed by the resolution professional or liquidator
- Fair value and liquidation value
- Registration must cover the asset class valued
Companies Act valuations
Valuations the Act requires — for example in mergers and other schemes, further issues of shares and non-cash transactions with directors.
Companies Act valuations
- Required under section 247 of the Companies Act, 2013
- Mergers, amalgamations and other schemes
- Further issues of shares and non-cash transactions with directors
- Valuer appointed by the audit committee or the board
Bank finance & recovery
Valuations for lending, and for recovery and auctions under SARFAESI and DRT proceedings.
Bank finance & recovery
- Valuation of security for lending
- Reserve price for SARFAESI and DRT sales
- Market, realisable and distress values
- Report in the lending bank's own format
Disputes & courts
Independent valuations where the valuer's registration and independence will be examined.
Disputes & courts
- Registration and asset class open to verification
- Independent of the parties to the dispute
- Assumptions and evidence stated in the report
- Valuation as on the date the matter requires
Scope
Asset classes
- Land & Building — land, residential, commercial and industrial buildings
- Plant & Machinery — machinery, equipment, vehicles and specialised assets
- Securities or Financial Assets — through our associate registered valuer
Verify
Our IBBI registrations
Each registration number opens the IBBI register entry for that valuer. Last checked against the IBBI register on 8 Oct 2026.
| Valuer | Asset class | Registration no. | Registered | RVO |
|---|---|---|---|---|
| Sharadkumar B. Chalikwar | Land & Building | IBBI/RV/07/2019/11744 (verify on the IBBI register) | 11 Jun 2019 | PVAI Valuation Professional Organisation |
| Manoj B. Chalikwar | Land & Building | IBBI/RV/07/2018/10366 (verify on the IBBI register) | 13 Dec 2018 | PVAI Valuation Professional Organisation |
| Manoj B. Chalikwar | Plant & Machinery | IBBI/RV/04/2022/15187 (verify on the IBBI register) | 27 Dec 2022 | IIV India Registered Valuers Foundation |
| Umang A. Patel | Plant & Machinery | IBBI/RV/04/2019/10803 (verify on the IBBI register) | 13 Feb 2019 | IIV India Registered Valuers Foundation |
| Umang A. Patel | Land & Building | IBBI/RV/04/2022/15066 (verify on the IBBI register) | 10 Nov 2022 | IIV India Registered Valuers Foundation |
| Avinash Pandey | Plant & Machinery | IBBI/RV/04/2019/11445 (verify on the IBBI register) | 30 Apr 2019 | IIV India Registered Valuers Foundation |
| CA Prashant JainAssociate | Securities or Financial Assets | IBBI/RV/06/2018/10138 (verify on the IBBI register) | 9 Oct 2018 | ICAI Registered Valuers Organisation |
Our process
How to verify a registered valuer
Step 01
Find the number
A registered valuer's report states the IBBI registration number, in the form IBBI/RV/…
Step 02
Search the register
Search for that number on the IBBI website's register of registered valuers.
Step 03
Match the class
Check that the registration covers the asset class being valued.
Step 04
Check the status
Confirm the registration is active and not suspended or cancelled.
Who does the work
Our team for this service
Our directors and valuers registered with IBBI for Land & Building and Plant & Machinery.
Sharadkumar B. Chalikwar
Chairman & Managing Director
IBBI — Land & BuildingIncome Tax — Land & Building, Plant & MachineryIOV — Land & BuildingIIV — Plant & MachineryPVAI — Land & BuildingChartered Engineer (India) — The Institution of Engineers (India)Fellow — The Institution of Engineers (India)
Manoj B. Chalikwar
Joint Managing Director
IBBI — Land & Building, Plant & MachineryIncome Tax — Land & Building, Plant & MachineryIIV — Land & Building, Plant & MachineryPVAI — Land & BuildingIIV-RVF — Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Licensed Structural Engineer — Maharashtra (UDCPR) — Directorate of Town Planning, Government of MaharashtraMember — The Institution of Engineers (India)
Umang A. Patel
Director
IBBI — Land & Building, Plant & MachineryIncome Tax — Land & Building, Plant & MachineryIIV — Land & Building, Plant & MachineryIIV-RVF — Land & Building, Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Associate Member — The Institution of Engineers (India)
Avinash Pandey
Regional Head, Thane
IBBI — Plant & MachineryIncome Tax — Plant & MachineryIIV-RVF — Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Member — The Institution of Engineers (India)
FAQ
Frequently asked questions
Can't find the answer? Ask us directly — we're happy to explain how an assignment would work.
All questionsWhat does "government-approved valuer" mean?
It usually means a valuer registered with a government authority. For valuations under the Companies Act and the Insolvency and Bankruptcy Code, that is registration with IBBI for the relevant asset class. Our valuers registered with the Income Tax Department are listed on our credentials page.
Is a chartered engineer certificate the same as a registered valuer's report?
No. A chartered engineer certifies technical facts — such as the condition, age or useful life of machinery — while a registered valuer gives an opinion of value. Many assignments need both, and we provide both.
Can one valuer value all of a company's assets?
Only for the asset classes in which they are registered. Where land, machinery and financial assets are all involved, valuers registered for each class are needed.
