![NCLT](http://media.assettype.com/barandbench%2F2022-02%2F44f3d0f2-9bb3-4164-a96f-9cf3708b10de%2F20.jpg?w=480&auto=format%2Ccompress&fit=max)
The National Company Law Tribunal (NCLT) at New Delhi has ordered the replacement of the Resolution Professional (RP) who was handling the insolvency proceedings against Chairman of the Essel Group, Subhash Chandra [Indiabulls Housing Finance Ltd. v. Subhash Chandra].