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IBC & NCLT Resolution Valuation

Fair and liquidation value for corporate insolvency resolution, distressed-asset sale and NCLT proceedings.

Overview

What this covers

Registered with the Insolvency and Bankruptcy Board of India since 2018, we produce fair value and liquidation value reports for resolution professionals, committees of creditors and NCLT proceedings — including the Jet Airways (₹5,376 crore) and Think & Learn / BYJU’S (₹28,514 crore) mandates.

Because our valuation, engineering and TEV teams sit together, a resolution valuation draws on the same technical understanding that would have informed the original TEV or LIE work.

Shipyard cranesPhoto: Ranjithsiji · CC BY-SA 3.0 · Wikimedia Commons

Deliverables

What we deliver

  • Fair value and liquidation value under the IBBI framework
  • All three asset classes from one registered firm
  • Going-concern and asset-by-asset scenarios
  • Support to resolution professionals and CoC presentations
  • Distressed-asset and ARC portfolio valuation
  • Expert opinion for NCLT and NCLAT

Approach

How we work

  1. 01

    Appointment

    Engagement under the IBBI Registered Valuer framework.

  2. 02

    Information & inspection

    Data room review and physical inspection of assets.

  3. 03

    Valuation

    Fair and liquidation values with clear assumptions.

  4. 04

    Report & support

    Independent reports and presentation to the CoC.

Typical triggers

When resolution valuations are commissioned

01

Corporate insolvency resolution

Appointment by the resolution professional to provide fair value and liquidation value under Regulation 35 for the committee of creditors.

02

Liquidation

Valuation of assets for sale as a going concern, in parcels or piecemeal, including plant, vessels and brands.

03

Pre-IBC stress

One-time settlements, ARC transfers and restructuring under RBI frameworks where lenders need a defensible value before the process begins.

Track record

Selected mandates

Renewable Energy

Serentica Renewables India (KKR & Vedanta Group)

₹4,600+ Cr

Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.

TEV Study

Infrastructure

Afcons Infrastructure

₹15,000 Cr

Project Monitoring Agency across ten concurrent national mandates including the Nagpur–Mumbai Expressway, Delhi–Meerut RRTS, the Rohtang Pass tunnel and the Mumbai–Pune Missing Link.

Project Monitoring

Construction

Shapoorji Pallonji

₹13,730 Cr

Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.

Project Monitoring

Insights

Related insights

Questions

Frequently asked

Which IBC mandates have you handled?

Assignments include Jet Airways (₹5,376 crore), Think & Learn / BYJU’S (₹28,514 crore), Mandhana Industries, Crest Steel and Power, Lanco Babandh Power, PSL Limited, Konaseema Gas, Tebma Shipyard and Provogue, among others.

Can one firm value all asset classes?

Yes. The firm is registered with IBBI for Land and Building, Plant and Machinery, and Securities and Financial Assets, so a resolution professional can appoint one firm across the whole estate.

How are fair value and liquidation value different?

Fair value assumes an orderly sale between willing parties; liquidation value assumes a sale under compulsion within a limited period. We report both with the assumptions behind each.

Do you present to the committee of creditors?

Yes, where the resolution professional requires it. Our valuers and engineers attend to explain the basis and answer questions.

Enquire

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