Appointment of Professionals

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....n seven days of his appointment but not later than forty seventh day from the insolvency commencement date, appoint two sets of registered valuers to determine the fair value and the liquidation value in accordance with regulation 35.] ^5[Provided that, in respect of a corporate debtor classified as a micro, small or medium enterprise under sub-section (1) of section 7 of the Micro, Small ....

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....nder this regulation on an arm's length basis following an objective and transparent process: Provided that the following persons shall not be appointed, namely: - (a) a relative of the resolution professional; (b) a related party of the corporate debtor; (c) an auditor of the corporate debtor at any time during the period of five years preceding the insolvency co....

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....t be appointed as registered valuers: (a) a relative of the interim resolution professional; (b) a related party of the corporate debtor; (c) an auditor of the corporate debtor in the five years preceding the insolvency commencement date; or (d) a partner or director of the insolvency professional entity." 2. Substituted vide Notification No. IBBI/2018-19....

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....r at any time during the five years preceding the insolvency commencement date; or (d) a partner or director of the insolvency professional entity of which the resolution professional is a partner or director.]" 4. Substituted vide Notification No. IBBI/2025-26/GN/REG135 dated 25-02-2026 before it was read as, "(1) The resolution professional shall, with....