The NCLT Bengaluru bench has frozen assets auctioned during the insolvency process of Think and Learn Private Limited, Byju’s parent company. The court intervened following claims that assets valued at Rs 150 crore were sold for only Rs 16 crore, amid disputes over ownership rights. The next hearing is scheduled for September 21, 2026.
The NCLT Bengaluru Bench has issued a status quo order on assets sold during the corporate insolvency resolution process of Think and Learn Private Limited. This directive prevents the buyer, Comprint Tech Solutions (I) Private Limited, from disposing of or altering the status of the inventory acquired in a recent auction. The court’s intervention follows allegations regarding the auction process,…