NCLT replaces RP in Anil Ambani personal guarantee case

The NCLT replaced Jitender Kothari with Prashant Jain as the resolution professional in Anil Ambani's insolvency case concerning a ₹1,385-crore SBI loan guarantee. This decision followed concerns that Ambani wasn't given sufficient opportunity to provide information due to Covid-related disruptions. While the NCLT found no misconduct, it emphasized the need for close coordination between the debtor and the RP.