Setback to lenders: NCLT replaces RP in Anil Ambani's loan...

Setback to lenders: NCLT replaces RP in Anil Ambani's loan guarantee case

Posted

In a setback for lenders, the National Company Law Tribunal (NCLT) has replaced Jitender Kothari with Prashant Jain as the resolution professional (RP) in Anil Ambani's insolvency case related to a Rs 1,385-crore loan guarantee to SBI. Ambani accused Kothari of undue haste and seeking unrelated information, while Kothari denied the charges, supported by SBI.

Read Full Article

Please log in to like, share and comment!