Once a shining beacon of India’s booming edtech industry, Byju’s is now making headlines for all the wrong reasons. The company that once symbolized the aspirations of millions of students and parents is now caught in a legal and financial whirlwind, struggling to survive under an insolvency resolution process.
In a dramatic turn of events, the National Company Law Tribunal (NCLT) has ordered the removal of Byju’s Resolution Professional (RP) Pankaj Srivastava, accusing him of misleading the tribunal and acting against the interests of stakeholders. This development adds another layer of complexity to the ongoing insolvency proceedings and raises serious questions about the…
