Regulation - 35, Valuation of assets intended to be sold.
Regulation - 35, Valuation of assets intended to be sold.
Valuation of assets intended to be sold.
(1) The liquidator shall appoint at least two registered valuers to value the assets as required under Regulation 34(2).
(2) The provisions of Regulation 7 shall apply mutatis mutandis to registered valuers appointed under sub-regulation (1).
(3) The registered valuers appointed under sub-regulation (1) shall independently submit to the liquidator the estimates of the realizable value of the asset(s) computed in accordance with internationally accepted valuation standards, after physical verification of the assets of the corporate debtor.
(4) The average of the estimates received under sub-regulation (3) shall be considered the value of the assets.
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