NCLAT Chennai upholds Canara Bank's replacement of Resolution Professional S. Viswanathan from Maylari Agro's CIRP, respecting CoC's commercial wisdom.
Tribunal expunges adverse remarks against Viswanathan's professional reputation but denies his vested right to continue as RP.
Viswanathan directed to approach NCLT for adjudication of his Rs 21.21 lakh fee and expense claim, with two-month disposal timeline.
New RP successfully concluded CIRP with Rs 5.05 crore resolution plan approved by CoC within five months of appointment.