New Delhi, July 23 -- The Bengaluru Bench of the National Company Law Tribunal (NCLT) on Wednesday put the insolvency bidding process of Think & Learn, the parent company of edtech firm Byju's, on hold until the next hearing scheduled for August 31, granting interim relief to the company's founders.

The tribunal directed the resolution professional (RP) not to proceed with the issuance of Form G-the invitation for expressions of interest from prospective buyers-or to finalise the list of prospective resolution applicants until further orders.

The stay came after an application filed by Byju's founders, Byju Raveendran and Riju Ravindran, challenging the admission of a Rs.11,433 crore claim submitted by the trustee representing the compa...