In a significant development in the Byju’s insolvency proceedings, Dr Ranjan Pai-led Manipal Education and Medical Group India (MEMG India) has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Pvt Ltd (TLPL) — the embattled parent company of edtech major Byju’s, as per reports.
According to documents filed with the Resolution Professional (RP), MEMG India has requested to be included in the list of Prospective Resolution Applicants (PRAs) and expressed its intent to review TLPL’s financial and operational records for preparing a potential resolution plan. This marks MEMG’s second submission, following the RP’s decision…