NCLT Stays BYJU’S Insolvency Bidding Process Till August 31

The National Company Law Tribunal (NCLT) has stayed the insolvency bidding process of embattled edtech startup BYJU’S parent Think & Learn Pvt Ltd until the next hearing on August 31. The tribunal’s Bengaluru bench directed the insolvency resolution professional (IRP) not to issue Form G, the document inviting expressions of interest from prospective applicants. Thus, the list of potential bidders can not be determined until further orders.