Valuation under Insolvency & Bankruptcy Code, 2016
As leading asset valuers, RNC has been a frontrunner in valuation of the companies admitted by NCLT as per the Insolvency & Bankruptcy Code, 2016. The subject of Insolvency proceedings is inherently technical and is subjected to constant refinement through new legislations, rules and regulations made by Governments or through court decisions. The professionals at RNC are abreast of all the developments in this domain and provide specialist services to all its clients by adopting methods of value computation in accordance with internationally accepted valuation standards.
Brand asset valuation, being an integral process for insolvency proceedings, an independent assessment of the fair and liquidation value is essential to provide an accurate base for strategic review by insolvency professionals, creditors and other stakeholders.
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Valuations services carried out particularly for insolvency proceedings require in-depth domain knowledge and expertise. The quality of the valuation report and the expertise of the asset valuer becomes extremely important to provide the correct valuation advice to the stakeholders for the insolvency proceedings.
RNC Valuecon LLP is a Registered Valuer Entity (RVE) with the Insolvency Bankruptcy Board of India (IBBI) for all three asset evaluation categories, viz. plant and machinery valuation, land and building valuation, and securities or financial assets.
RNC Business Valuation Advantage:
Our RVE being registered across all three asset classes, we thereby provide a single window facility for all valuation requirements of the stakeholders.
Our large and experienced team duly supported by a panel of senior and experienced domain experts enables the timely completion of mandates.
We have been a frontrunner in Valuation for the cases admitted by NCLT right from the RBI’s first list of large 12 cases and subsequent 40 cases to other large and complex cases for various processes like Corporate Insolvency Resolution Process, Corporate Liquidation Process, Pre-Packaged Insolvency Resolution Process, Group Insolvency, keeping abreast with all amendments to the Code.
Credentials
Reliance Communications Limited
Valuation of all classes of assets for resolution of debt of over INR 31,104 crores.
IVRCL Limited
Valuation of all classes of assets comprising EPC, Real Estate, Infrastructure businesses across India.
Videocon Group
Valuation for resolution of group insolvency of 13 Videocon Group Companies, having a total debt of Approximate INR 27,563 Crores.
Housing Development and Infrastructure Limited
Valuation of the Real Estate Conglomerate having over 42 Real Estate projects and properties.
ABG Shipyard Limited
Part of RBI’s list of 12 large accounts identified for Insolvency resolution / In the list of large 12 NPA accounts identified by RBI for Insolvency Resolution
Uttam Galva Steel Ltd. Uttam Galva Metallics Ltd and Uttam Value Steel
Valuation of Steel plants having an approximate total debt of INR 11,000 Crores.