New Delhi: The regulatory framework for professionals valuing the assets of distressed companies will continue to be strengthened as a decision on whether to salvage an insolvent business or to liquidate it depends on the valuation of its assets, the ministry of corporate affairs said in its latest monthly update.
The ministry said that the work of valuers is significant given that any wrong outcome of debt resolutionsalvaging a company with no chance of survival or liquidating a potentially viable onehave disastrous consequences for the economy. Given the importance of the profession in insolvency resolution process, the ministry of corporate affairs will only further strengthen the regulatory regime pertaining to the regulation and…
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