NCLT Jaipur Bench dismisses Resolution Professional's report for Tata Capital's insolvency application against a personal guarantor.
RP failed to demonstrate statutory compliance, filed a cursory report, and missed the 10-day filing deadline.
The tribunal expressed displeasure with the RP's unprofessional conduct, which caused an uncalled-for delay.
RP is directed to file a proper report outlining all mandatory compliances within one week.