Corporate Valuation
A company's land, buildings, plant and other assets — for financial reporting, insolvency, mergers, loans and tax.
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NCLT / IBC Valuation
Fair value and liquidation value for resolution professionals and liquidators — by IBBI Registered Valuers for each class of assets.
Overview
Valuation under the Insolvency and Bankruptcy Code
In a corporate insolvency resolution process, the resolution professional appoints registered valuers — two for each class of assets — to estimate the fair value and the liquidation value of the corporate debtor's assets. The committee of creditors relies on these values when it considers resolution plans.
Only valuers registered with the Insolvency and Bankruptcy Board of India (IBBI) for the relevant asset class can be appointed. In liquidation, valuations guide the sale of the debtor's assets.
Our valuers hold IBBI registrations for Land & Building and for Plant & Machinery, and we work with an associate registered valuer for Securities or Financial Assets, so all classes of a company's assets can be covered. Each registration can be checked on the IBBI register from our credentials page.
Purposes
Where we are appointed
Corporate insolvency resolution
Fair value and liquidation value of the corporate debtor's assets, by asset class.
Corporate insolvency resolution
- Two registered valuers appointed per asset class
- Values as on the insolvency commencement date
- Relied on by the committee of creditors for resolution plans
- Report submitted confidentially to the resolution professional
Liquidation
Valuation of assets for sale by the liquidator, including reserve prices for auctions.
Liquidation
- Values to guide the sale of the debtor's assets
- Reserve prices for auctions
- Physical verification of assets at every location
- Report to the liquidator
Voluntary liquidation
Valuation of a solvent company's assets in a voluntary winding up.
Voluntary liquidation
- Valuation report to accompany the declaration of solvency
- Land & building and plant & machinery classes
- Asset-wise schedules for sale or distribution
- Report to the liquidator
Recovery proceedings
Valuation for DRT recovery and SARFAESI enforcement by secured creditors.
Recovery proceedings
- Reserve price for SARFAESI sales of secured assets
- Valuation for DRT recovery proceedings
- Market, realisable and distress values
- For secured creditors and their authorised officers
Scope
Asset classes we cover
- Land and buildings — factories, offices, residential and commercial property
- Plant, machinery, equipment and vehicles
- Specialised assets such as vessels and helicopters
- Securities and financial assets, through our associate registered valuer for that class
Checklist
Information generally required
- Appointment letter from the resolution professional or liquidator
- Fixed asset register and latest financial statements
- Title documents for land and buildings
- List of locations and access arrangements
- Previous valuation reports, if any
Our process
How an IBC assignment runs
Step 01
Appointment
The resolution professional or liquidator appoints us for one or more asset classes.
Step 02
Information
We obtain the asset register, financial statements, title documents and list of locations.
Step 03
Inspection
Every location is inspected and every significant asset physically verified.
Step 04
Valuation
Fair value and liquidation value are estimated for each asset class, with the assumptions stated.
Step 05
Report
A report to the resolution professional in the required format, submitted confidentially.
Step 06
Clarifications
We answer queries from the resolution professional and committee of creditors on the report.
Who does the work
Our team for this service
IBBI Registered Valuers 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 questionsWhy are two valuers appointed for each asset class?
The insolvency regulations require two independent registered valuers per asset class, so that the committee of creditors does not rely on a single estimate.
What is the difference between fair value and liquidation value?
Fair value assumes an orderly sale between willing parties after proper marketing. Liquidation value assumes the asset must be sold quickly, often piecemeal, and is usually lower.
How can we verify your registrations?
Every IBBI registration number on our credentials page links to the official IBBI register.
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Plant & Machinery Valuation
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Factory & Industrial Valuation
Industrial land, factory buildings, plant and machinery and utilities — valued together as one unit or asset by asset.
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