Appointment of registered valuers

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....point a set of registered valuers to determine the fair value and the liquidation value of the corporate debtor, unless the committee decides, for reasons to be recorded in writing, to appoint two sets of registered valuers: 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....

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.... days of his appointment, appoint two ^1[set off] 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 pr....