Bengaluru, July 24 -- The National Company Law Tribunal's Bengaluru bench on Tuesday directed the resolution professional of Think & Learn Private Limited, the parent company of edtech firm Byju's, not to proceed with the Form G invitation for bids or finalise the list of prospective resolution applicants until August 31, when it will hear the founders' challenge to the biggest claim in the company's insolvency.

The direction came in IA 490 of 2026, an application by founders Byju Raveendran and Riju Ravindran questioning the quantum of the claim of GLAS Trust Company LLC, the US agent for lenders to a USD 1.2-billion term loan taken by a group entity, whose admitted claim of about Rs 11,433 crore gives it more than 99 per cent of the vo...