Regulator tweaks insolvency rules to raise bid value The insolvency regulator has amended rules to prevent low bidding for stressed assets being restructured through the National Company Law Tribunal (NCLT). Through a notification, the Insolvency and Bankruptcy Board of India also virtually shortened the period for resolution professionals to present a resolution plan to NCLT from the present 270 days to 255 days. To prevent low bids, the regulator said two valuers will determine the liquidation value and the fair value of a company being restructured.Earlier, in one of the resolution cases, it was found that the valuation done by the valuer was incorrect.As a result, the resolution professional was changed and he appointed a new valuer Also, now neither the fair value nor the liquidation value will be known to bidders.The rationale is that bidders were making offers around the liquidation value as it was known to them.Liquidation value is usually less than fair value and is ar