NCLT Ahmedabad allows Axis Bank's application to replace JRA Infrastructure's IRP with Aegis Resolution Services.
CoC rejected continuation of existing IRP twice, with 66.99% and 82.41% voting shares against appointment.
Outgoing IRP seeks payment of ratified CIRP expenses and professional fees totaling ₹22.79 lakh.
Tribunal notes five-month delay in appointing new RP affected CIRP timeline and IRP functioning.