How to retrieve the most recent variable and delete all other others (pandas)

I'm trying to get the latest occurrence of an ID Name and I want to delete every other occurrence that happened before that time.

    ID Name     Comment        Time
0     W12D0       Fine     12:17:37
1     W12D0     Random     12:20:10
2     W12D0       What     12:21:06
3     W12D4       Fine     08:20:14
4     W12D5     Random     10:11:12
5     W12D5       Fine     11:37:02
..      ...        ...         ....

For example (according to the data above), the 'ID Name', 'W12D0', is associated with 3 occurrences: 12:17:37 , 12:20:10 , 12:21:06

I want to only keep the row associated to that ID Name's latest time (in this case, it's 12:21:06). Every other row with W12D0 will be deleted. Essentially, I want something like this:

    ID Name     Comment        Time
0     W12D0       What     12:21:06
1     W12D4       Fine     08:20:14
2     W12D5       Fine     11:37:02
..      ...        ...         ....

How would I go about doing this?

via Chebli Mohamed