To:

The Chairman, Insolvency and Bankruptcy Board of India (IBBI)
The Chairman, Central Board of Direct Taxes (CBDT)
The CEOs/Heads of Financial Institutions & Banks
Respected Ministry of Finance
Respected Ministry of Education
University Grants Commission (UGC)

Respected Sir,

Subject:  Urgent Appeal to Cancel Valuer Registrations Based on Invalid PG Degrees in Real Estate Valuation from Annamalai University and other universities, Disallow PGs without Graduation in Civil Engineering,  Architecture or Town planning

 
This Is a Matter of National Urgency – Our Financial System Is Being Undermined

We, the undersigned professionals, Civil Engineers part of Indian Financial System, submit this petition with a deep sense of urgency.

It has come to light that Annamalai University and other Universities have been awarding Postgraduate Degrees in Real Estate Valuation through Distance Education without the required UGC approval beyond 2014–15, in clear violation of UGC (ODL) Regulations.

Even more disturbing is the fact that these non-approved, non-technical degrees have been widely used by unqualified individuals (like Mechanical, Electronic, Electrical Engineers, B.A, B.Com, B. Sc Nursing – Non-Civil Engineers) to obtain registration as “Registered Valuers (Land & Building)” under IBBI and other authorities — thereby infiltrating a critical technical profession with zero civil engineering background.

 
A Dangerous Crisis Unfolding:

Ineligible candidates are entering the valuation field using invalid degrees, producing flawed and misleading valuation reports.
This puts banks, NBFCs, courts, tax departments, and financial markets at enormous risk.
Technically unfit individuals are now responsible for valuing land and buildings — without understanding construction standards, materials, codes, or structural logic.
 
Valuer Institutions: Complicit in Misleading Practices

It is deeply concerning that some valuation institutions and professional bodies have misled the Insolvency and Bankruptcy Board of India (IBBI) and other stakeholders by endorsing invalid degrees as "eligible" for valuer registration. The underlying motive behind this misrepresentation seems to be the pursuit of increased membership and fee income. Recently some Valuer Institutions have started conducting unauthorized courses and misguiding aspiring young valuers.  However, the repercussions of such actions are severe: they threaten national financial security, undermine trust in the valuation ecosystem, and damage the careers of genuine professionals.

These institutions are misleading aspiring valuers by falsely presenting postgraduate degrees as valid, even though they are fully aware of the University Grants Commission (UGC)'s disapproval. In Supreme Court UGC has filed an appeal to cancel all PG degrees in Real Estate Valuation issued to date. This flagrant disregard for the legal and ethical ramifications of these endorsements not only undermines the integrity of the profession but also jeopardizes the entire valuation system in India.

 
This Is Not a Minor Oversight – This Is Systemic Abuse

Authorities have made a grave mistake by checking only whether the university is UGC-recognized. They have failed to check the course-specific validity, especially in cases like:

Annamalai University’s PG in Real Estate Valuation (Distance Mode, post-2014–15)
Candidates without a Civil Engineering, Architecture, or related technical degree
Other Universities issued PG In Real Estate Valuation in Distance or Full Time mode 
This has created a backdoor entry into a regulated and specialized domain — endangering valuation reliability, public trust, and lending ecosystems.

 
We Demand Immediate Corrective Action

Cancel registrations and panel memberships of valuers who used the invalid PG from Annamalai University and other universities as their qualification.
 Investigate all valuer registrations to verify:
The validity of the course, not just the institution.
The presence of a technical base degree (Civil Engineering/Architecture/Equivalent).
 Prohibit recognition of any PG degree in Real Estate Valuation unless the applicant holds a basic Civil Engineering or related technical degree.
 Audit professional valuer institutions found to be misleading students or supporting unrecognized degrees for membership gain.
Issue nationwide advisory to all financial institutions, courts, and regulators to reject valuation reports from unqualified or fraudulently registered valuers.
 
What’s at Stake?

The accuracy of billions of rupees in valuation-based lending
The credibility of IBC and insolvency resolution mechanisms
The integrity of taxation and public asset disposal
The respect and space for genuine, technically-qualified professionals
 
This Is a Call to Action — Not Just a Complaint

Let us uphold the sanctity of technical professions.
Let us protect the integrity of India’s valuation system.
Let us hold accountable those institutions who knowingly compromise quality for profit.

 
Sign this petition to stop this malpractice before it damages our nation any further.

Sincerely,
Name:- 

Membership Number :-

IBBI NO:-

CBDT No:- 
On behalf of Concerned Valuers, Civil Engineers