Regulation - 26, Appointment of registered valuer.

6Substituted by Notification No. IBBI/2017-18/GN/REG025, dated 7th February, 2018 (w.e.f. 07-02-2018). Prior to this substitution, Regulation 26 stood as under: - “(26) The interim resolution professional shall within seven days of his appointment, appoint one registered valuer to determine the liquidation value of the corporate debtor in accordance with Regulation 34: Provided that the following persons shall not be appointed as the registered valuer: (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 fast track commencement date; or (d) a partner or director of the insolvency professional entity.”