The paper proposes major reforms to strengthen the valuation framework, by addressing inconsistencies, lack of standardization, and varied methodologies used in current valuation practices. The key proposals include standardizing valuation report formats and documentation, harmonizing valuation standards across CIRP, liquidation, PPIRP, and other processes, widening the definition of fair value to include intangible and synergistic business assets, and allowing appointment of a single valuer for smaller corporate debtors to reduce costs and delays. It also suggests introducing a Coordinator Valuer to integrate asset-class valuations into an aggregate fair value, improving accuracy and enterprise-level assessment. The Feedback/ comments from stakeholders are invited.