Edtech company Byju’s parent Think & Learn will challenge the National Company Law Tribunal’s (NCLT’s) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, sources claimed.
With the NCLT appointing Pankaj Srivastava as the interim resolution professional (IRP), time is running out for Byju’s as the committee of creditors (CoC) begins to be formed.
Explaining the importance of reaching a settlement before the CoC is formed, Ashish Pyasi, Partner, Aendri Legal said: “On admission of petition, the legal options available include challenging the order before the appellate tribunal. If possible,…
