Aakash Educational Services (AESL), backed by billionaire Ranjan Pai, has filed a petition with the National Company Law Tribunal (NCLT). AESL is requesting an investigation into potential issues within the insolvency resolution process of Think & Learn, Byju’s parent company.
The education company wants the tribunal to instruct the Insolvency and Bankruptcy Board of India (IBBI) to examine the conduct of involved parties.
The petition lists several respondents: former interim resolution professional Pankaj Srivastava, current resolution professional Shailendra Ajmera, Glas Trust Company, the Ministry of Corporate Affairs, the IBBI, and the Registrar of Companies in Bengaluru.
, significantly backed by Manipal Health Systems and MEMG…
