To revive the global investor confidence in India’s insolvency framework, the Insolvency and Bankruptcy Board of India (IBBI) has notified that the International Valuation Standards (IVS) will be applicable for all the valuations conducted under the insolvency and bankruptcy code (IBC). The IBBI’s circular said that these standards will come into force from April 1, and will apply to corporate insolvency resolution process (CIRP), liquidation, and personal guarantor bankruptcy proceedings. The board said that one of the objectives of the IBC is to maximise the value of assets of an insolvent entity by facilitating a time-bound resolution process.