The amendment revises the definition of ‘fair value’ to clarify that it represents the estimated realizable value of the corporate debtor and its assets, including tangible and intangible assets along with underlying synergies, as on the insolvency commencement date. It mandates appointment of two sets of registered valuers within specified timelines, with a coordinating valuer in each set, and prescribes a structured methodology for determining fair and liquidation values, including provision for a third set where estimates differ significantly (25% or more). The regulations also introduce documentation requirements for valuation reports, and expand disclosures.