Bengaluru bench intervenes after resolution professional sells assets valued at 150 crore for 16 crore.
The Bengaluru bench of the National Company Law Tribunal directed a status quo on assets of Byju's parent company Think and Learn Private Limited. Its resolution professional had auctioned the items. Disputes over ownership followed the sale. Mint reported the tribunal order in coverage of the case. The ruling blocks further moves on the properties until the conflicts are addressed.
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Bengaluru bench intervenes after resolution professional sells assets valued at 150 crore for 16 crore.
The Bengaluru bench of the National Company Law Tribunal directed a status quo on assets of Byju's parent company Think and Learn Private Limited. Its resolution professional had auctioned the items. Disputes over ownership followed the sale. Mint reported the tribunal order in coverage of the case. The ruling blocks further moves on the properties until the conflicts are addressed.
Mint@livemintThe Bengaluru bench of the National Company Law Tribunal (NCLT) has ordered a status quo on assets auctioned by the resolution professional (RP) of Byju’s parent company, Think and Learn Private Limited (TLPL).
Mint@livemintThe Bengaluru bench of the National Company Law Tribunal (NCLT) has ordered a status quo on assets auctioned by the resolution professional (RP) of Byju’s parent company, Think and Learn Private Limited (TLPL).
