The insolvency tribunal NCLT has ordered a status quo on the assets sold by the resolution professional of Think and Learn Private Limited, the parent entity of debt-ridden edutech firm Byju’s, in one of its subsidiaries.
The Bengaluru-based bench of the NCLT has put a hold on any further disposal of Byju’s K3 Education’s assets till the next hearing on September 21 amid allegations that assets worth around ₹150 crore were sold for just about ₹16 crore.
“The RP of TLPL (Think and Learn Private Limited) and the said newly impleaded Respondent are directed to maintain status quo in respect of the articles/equipment/assets auctioned under notice dated August 2, 2026, issued by the former, till next date,” said a two-member bench.
The…