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25.09 - 19:45
Regulatory framework for valuers to be strengthened: MCA
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livemint.comthe future of the defaulting company. "An accurate valuation holds absolute importance because a valuation report guides the actions of the insolvency professionals, committee of creditors and the National Company Law Tribunal and because the registered valuer endeavours to estimate a value, which is authentic and close to market conditions or realisation," the update said.
The authorities have been trying to improve the outcome of bankruptcy resolution so that creditors are able to nurse back companies in distress to financial health as quickly as possible. This is a vital part of the government's management of the economy.
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