NCLT Bengaluru allows application to replace Resolution Professional in personal guarantor insolvency case of Ramesh J Jarkiholi.
Appoints new RP Syam Prabhad TP from IBBI panel to ensure impartiality in Rs 382.84 crore debt case.
Directs initial deposit of Rs 35,000 with RP and maintenance of interim moratorium under Section 96 of IBC.
RP directed to submit Section 99 report within stipulated time regarding acceptance/rejection of insolvency application.