The Bengaluru Bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets sold during the insolvency proceedings of Think and Learn Private Limited (TLPL), the parent company of Byju’s, after allegations that assets worth around Rs 150 crore were auctioned for just Rs 16 crore.
The tribunal has directed Resolution Professional (RP) Shailendra Ajmera of EY and the successful bidder, Comprint Tech Solutions, to preserve all the auctioned assets in their present condition until the next hearing on September 21.
Comprint has also been directed to submit, within a week, a comprehensive inventory of the assets purchased, along with their current locations and physical photographs.
The interim order came after several…