The International Valuation Standards Council (IVSC) welcomes the circular issued by the Insolvency and Bankruptcy Board of India (IBBI) on 1 April 2026, notifying the International Valuation Standards (IVS) as the valuation standards applicable to valuations conducted under the Insolvency and Bankruptcy Code, 2016.
The circular provides that, for valuations undertaken under the Code and related regulations, the International Valuation Standards, as issued and updated from time to time by the IVSC, will apply with immediate effect. This marks an important development for valuation practice within India’s insolvency and bankruptcy framework and reflects the critical role that high-quality, transparent and credible valuations play in informed decision-making.
Valuation is a fundamental part of insolvency and restructuring processes. It supports the evaluation of resolution plans, informs stakeholders across the process, and contributes to confidence in outcomes. The use of clear and internationally recognised standards can help strengthen consistency, transparency and trust in valuations carried out in these high-stakes situations.
India is an important and dynamic market, and this decision represents a significant step in the continued advancement of global best practice in valuation. The IBBI plays a particularly important role in this context as the primary regulator, under the authority of the Ministry of Corporate Affairs, responsible for oversight of Registered Valuer Organisations (RVOs), which are central to the qualification and registration of valuers in the Indian market. India has a substantial valuation profession that supports confidence across the financial system for both domestic and international investors, and is also a significant centre of expertise for a number of major international firms providing valuation services. The close connection between India and the global valuation profession is also reflected in the active participation of Indian valuation leaders in IVSC boards and committees, alongside the contribution of leading Indian RVOs that are members of IVSC.
Commenting on the announcement, IVSC Chief Executive, Nicolas Talbot, said:
“We warmly welcome the IBBI’s decision to notify the International Valuation Standards for valuations undertaken under India’s Insolvency and Bankruptcy Code. This is an important and positive step by the Board’s leadership, and one which underlines the importance of high-quality, transparent and consistent valuation in supporting confidence across the insolvency framework.
India is a major and influential market, and its embrace of global best practice in this area sends a strong and constructive signal. The use of internationally recognised standards can help enhance valuation quality, strengthen transparency, and reinforce public trust in the processes and decisions that rely on valuation. We commend the IBBI for this important development and look forward to continuing to support the advancement of high standards in valuation internationally.”
The IVSC remains committed to working with regulators, professional organisations, market participants and other stakeholders in India and around the world to promote the consistent adoption and application of International Valuation Standards in the public interest.