University Valuation Exam Not Equivalent to Official Test: IBBI Dismisses RTI Appeal [Read Notification]
The board dismissed the RTI appeal, noting that internal records already confirmed the non‑recognition of the university’s course.
The Insolvency and Bankruptcy Board of India (IBBI) has rejected an RTI appeal under Section 19 of the Right to Information Act, 2005, challenging the response of its CentralPublic Information Officer (CPIO) regarding the recognition of the postgraduate valuation examination conducted by Sardar Patel University (SPU).
The appellant, Nelson James Macwan, had sought detailed records, including file notings, reasons, and policy guidelines, to establish whether SPU’s valuation course was treated as equivalent to the Valuation Examination prescribed for registration as a Registered Valuer under Section 247 of the Companies Act, 2013, and the Companies (Registered Valuers and Valuation) Rules, 2017.
In its reply dated 16 March 2026, the CPIO furnished available information and cited internal correspondence. Dissatisfied, Macwan approached the First Appellate Authority, contending that the response was incomplete and lacked the prescribed details.
After examining the record, First Appellate Authority Kulwant Singh, referred to a key note dated 8 February 2019 that stated that “We only have information about candidates from SPU who sought registration with us, as the same information is not captured at the time enrollment.
When compared the performance of candidates from SPU viz. a viz. there is no sign of outperformance by SPU candidates. The data size is small (specially for plant and machinery), still it presents no case for recognizing SPU course as equivalent to Valuation examination. Submitted please”
The Authority held that this note conclusive administrative decision and concluded that the examination conducted by Sardar Patel University shall not be equivalent to the Valuation Examination for the purposes of registration as a Registered Valuer under the Companies Act, 2013, and relevant rules.
Concluding that the CPIO had duly provided the available material, the appellate authority disposed of the appeal without further direction.
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