NCLT replaces RP in Anil Ambani personal guarantee case
The National Company Law Tribunal (NCLT) has replaced Jitender Kothari with Prashant Jain as the resolution professional (RP) in the insolvency case linked to Anil Ambani’s personal guarantee for a ₹1,385-crore loan extended by SBI to Reliance Communications, Times of India.
According to the report, Ambani had extended the guarantee in September 2016, which was retrospectively tagged as a non-performing asset from late August that year. Kothari was appointed RP in August 2020 and subsequently sought information from Ambani, including details of proceedings in a UK court.
