The bankruptcy regulator on Monday issued a circular stipulating standardised formats and documentation requirements for the valuation of companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC). The aim is to put in place a scientific approach to the valuation of stressed firms-which significantly influences creditors' considerations of bid offers and revival plans-and minimise the scope for arbitrary methods. The circular followed a November 2025 discussion paper on valuation guidelines by the Insolvency and Bankruptcy Board of India (IBBI). The latest guidelines have three parts. The first part sets out general requirements regarding documentation to be maintained by the registered valuer, the minimum content of the valuation report, key parameters to be considered while valuing receivables and duties of registered valuers towards designated coordinating valuer.