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The Economic Times

National

NCLT stays disposal of Byju's K3-linked assets auctioned for Rs 16 cr, flags valuation concern

NCLT BYJU TLPL RP

New Delhi: The insolvency tribunal NCLT has ordered a status quo on the assets sold by the resolution professional of Think and Learn Private Limited, the parent entity of debt-ridden edutech firm Byju's, in one of its subsidiaries.

The Bengaluru-based bench of the NCLT has put a hold on any further disposal of Byju's K3 Education's assets till the next hearing on September 21 amid allegations that assets worth around Rs 150 crore were sold for just about Rs 16 crore.

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