{"id":950580,"date":"2025-07-29T08:11:48","date_gmt":"2025-07-29T02:41:48","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=950580"},"modified":"2025-07-29T08:43:31","modified_gmt":"2025-07-29T03:13:31","slug":"nclt-replaces-rp-in-anil-ambani-personal-guarantee-case","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/29\/nclt-replaces-rp-in-anil-ambani-personal-guarantee-case\/","title":{"rendered":"NCLT replaces RP in Anil Ambani personal guarantee case"},"content":{"rendered":"<p>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\u2019s personal guarantee for a \u20b91,385-crore loan extended by SBI to Reliance Communications, Times of India. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s personal guarantee for a \u20b91,385-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.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-950580","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/950580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=950580"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/950580\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=950580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=950580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=950580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}