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Byju's RP change deferred to March amid objections
Mint Hyderabad
|February 25, 2025
The NCLT was initially expected to pass an order appointing Shailendra Ajmera as Byju's RP on Monday
The Bengaluru insolvency court on Monday deferred until 19 March its decision to approve the appointment of Shailendra Ajmera as the new resolution professional (RP) to take charge of the embattled ed-tech firm Byju's, replacing the current RP, Pankaj Shrivastava.
The National Company Law Tribunal (NCLT) was initially expected to pass an order appointing Ajmera as RP on Monday. However, it decided against doing so after counsels representing the former directors—Byju Raveendran and Riju Raveendran—objected, arguing that they needed to be heard before the tribunal could pass any order.
This story is from the February 25, 2025 edition of Mint Hyderabad.
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