From Vice-Chairman’s Desk,

CA. Pankaj Shah, Insolvency, Bankruptcy and Valuation Standards Board, ICAI

On behalf of the Insolvency, Bankruptcy and Valuation Standards Board of ICAI, it is my privilege and pleasure to welcome you to RESOLVE-2026, the 4^th edition of the International Convention on Insolvency Resolution and Valuation, being held on 8^th-9^th January in Mumbai.

Over the years, RESOLVE has established itself as a significant and eagerly anticipated platform for dialogue, knowledge-sharing and professional engagement, bringing together policymakers, regulators, the judiciary, insolvency professionals, registered valuers, Chartered Accountants, financial institutions, investors, academicians and other key stakeholders.

As we enter the fourth edition of the convention, it reflects not only the growing importance of insolvency resolution and valuation in India’s economic and financial architecture, but also the continued evolution of the regulatory and professional landscape. With reforms aimed at making resolution processes more efficient, predictable, transparent and value-oriented, the need for informed dialogue and collaborative thinking has never been greater.

RESOLVE-2026 therefore comes at an important juncture providing an opportunity to reflect on the progress made, examine emerging challenges and explore innovative approaches that can strengthen the insolvency and valuation ecosystem and contribute to more effective resolution and greater value realisation.

With the Insolvency and Bankruptcy Code (Amendment) Act, 2026 now in force, the contours of practice for resolution professionals, liquidators and registered valuers have shifted in fundamental ways. Provisions relating to pre-packaged and creditor-driven resolution mechanisms, tighter timelines for admission and completion of proceedings and a more robust framework for group insolvency and cross-border cooperation are not merely procedural refinements, they signal a policy intent to make India’s insolvency regime faster, more predictable and better suited to complex, multi-jurisdictional distress situations. Taken together, these amendments touch nearly every stage of the resolution journey, from the manner in which a case is admitted to the standards against which a resolution plan or liquidation outcome is ultimately measured.

Timelines have compressed, disclosure and accountability expectations have sharpened and the scope of matters requiring valuation judgment from going-concern assessments to resolution plan comparisons has widened. In this environment, technical competence alone is no longer sufficient; professionals are increasingly called upon to exercise sound commercial judgment and engage transparently with adjudicating authorities, creditors and other stakeholders whose interests must be carefully balanced. Platforms such as RESOLVE-2026 exist precisely to help our members translate legislative intent into sound, defensible professional practice, through direct engagement with regulators, the judiciary and practitioners who are already navigating these provisions on the ground.

The Insolvency, Bankruptcy and Valuation Standards Board of ICAI remains steadfast in its endeavour to support this evolving landscape through the development of technical guidance, capacity-building initiatives, and forums such as this one that enable meaningful exchange between policymakers and practitioners. I am confident that the deliberations in the convention spanning technical sessions, case-based discussions and interactions with eminent speakers will offer valuable clarity on implementation challenges and emerging best practices.

I look forward to this edition proving to be a fruitful and rewarding experience for all delegates and stakeholders and I am confident that the insights gained and connections made over these few days will benefit the profession for years to come.