# In the matter of PROTHOM INDUSTRIES INDIA PRIVATE LIMITED

> NCLT judgment dated 2025-09-15. Citation: TCN-2025-NCLT-01390. An application was filed by RBL Bank Limited for the replacement of the present liquidator of…

- **Court:** NCLT
- **Order date:** 15 Sept 2025
- **Citation:** TCN-2025-NCLT-01390
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/prothom-industries-india-private-limited-4f64142c

## Summary

### Background

An application was filed by RBL Bank Limited for the replacement of the present liquidator of the Corporate Debtor.

## Facts

RBL Bank Limited filed an application for the replacement of the current liquidator.

The SCC meeting held on 11.07.2025, with more than 66% agreement, resolved to replace the liquidator.

Mr. Vivek Satyaprakash Jalan is appointed as the new liquidator.

The written consent dated 14.06.2025 is annexed to the application and his AFA is valid upto 31.12.2025 and no disciplinary proceedings is pending against him.

## Issues and analysis

### Issue 1: Whether the present …

**Ratio:** The SCC meeting resolved to replace the

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**Reasoning:** The SCC's decision is

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**Interpretation:** The decision of the SCC

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**Application:** The present liquidator

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## Parties

- **Judges:** LAKSHMI G…; Hariharan…
- **Appellants:** TCPL Packaging…; Manaswi A…; +1 more
- **Respondents:** PROTHOM INDUSTRIES…
- **Other parties:** RBL Bank L…; Vivek Satyaprakash…; +1 more
- **Advocates:** Manaswi A…; Vishal La…

## Timeline

- **2025-09-15 — Order Sheet of the…**: Order sheet of the…
- **2025-07-11 — SCC Meet…**: SCC meeting held on 11.07.2025,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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