# In the matter of PROTHOM INDUSTRIES INDIA PRIVATE LIMITED

> Read the full IBC case summary for In the matter of PROTHOM INDUSTRIES INDIA PRIVATE LIMITED. NCLT judgment dated 2025-09-15. Citation: TCN-2025-NCLT-01414.

- **Court:** NCLT
- **Order date:** 15 Sept 2025
- **Citation:** TCN-2025-NCLT-01414
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/prothom-industries-india-private-limited-319abbae

## Summary

### Background

An application was filed by RBL Bank Limited seeking the replacement of the current liquidator with Mr. Vivek Satyaprakash Jalan for the corporate debtor.

## Facts

RBL Bank Limited filed an application, IA (I.B.C)/4262 (MB)2025, requesting the replacement of the current liquidator of the corporate debtor, Prothom Industries India Pvt. Ltd. The bank proposed Mr. Vivek Satyaprakash Jalan, with Registration No. IBBI/IPA-002/IP-N01295/2024-2025/14452, as the new liquidator. This application was filed in the context of C.P. (IB)/2776(MB)2018, which pertains to a Section 9 application under the IBC.

## Issues and analysis

### Issue 1: Whether the present liquidator of the…

**Ratio:** The NCLT held that based on the resolution of the SCC and the eligibility of the proposed…

**Reasoning:** The NCLT considered the resolution passed by the SCC meeting on July 11, 2025, where more…

**Interpretation:** The NCLT interpreted the will of the Committee of Creditors, as expressed…

**Application:** Given the SCC's resolution and the proposed liquidator's compliance with…

## Parties

- **Judges:** LAKSHMI G…; Hariharan…
- **Advocates:** Devang Sampat…

## Timeline

- **June 14, 2025 — Written C…**: Mr. Vivek Satyaprakash Jalan provided his…
- **July 11, 2025 — SCC Meet…**: An SCC meeting was held where more than…

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