Enumerate the provisions of IBBI Regulations with respect appointment of valuers and how many valuers are required to be appointed?

As per Regulation 27 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the resolution professional shall within seven days of his appointment, but not later than forty-seventh day from the insolvency commencement date, appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor in accordance with regulation 35. Following persons shall not be appointed as registered valuers, 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 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.