NCLT approved Raju Mangilal Marshiya as Resolution Professional replacing the Interim Resolution Professional for Supha Pharmachem Limited.
The change was based on a CoC resolution passed with 67.28% voting share by operational creditors on April 14, 2026.
Mr. Marshiya officially took over conduct of the CIRP on May 11, 2026, with board powers suspended and vested in the RP.
The CoC consists solely of six operational creditors with no financial creditors involved in the insolvency process.