Tribunal Halts Byju's asset sale as allegations mount against resolution professional
India, Sept. 3 -- The National Company Law Tribunal's (NCLT) Bengaluru Bench has frozen assets auctioned during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju's, after allegations that assets worth around Rs 150 crore were sold for approximately Rs 16 crore in a four-day auction.
In its 31 August 2026 order, the Tribunal directed Resolution Professional (RP) Shailendra Ajmera of EY and the successful auction bidder, Comprint Tech Solutions (I) Private Limited, to maintain status quo over all articles sold under the 2 August auction notice. The assets are to be preserved in their existing condition until the matter is heard again on 21 September 2026.
The proceedings have brought fresh sc...
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