2.18.38. Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
The resolution professional shall within three days of his appointment, appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor:
Provided that the following persons shall not be appointed as registered valuers, namely:-
(a) a related party of the corporate debtor;
(b) an auditor of the corporate debtor at any time during the five years preceding the pre-packaged insolvency commencement date;
(c) a partner or director of the insolvency professional entity of which the resolution professional is a partner or director; or
(d) a relative of the resolution professional or of a partner or director of the insolvency professional entity of which the resolution professional is a partner or director.