NCLT pauses Byju’s bidding process until August 31 hearing
The NCLT has stayed Byju’s Form G bidding process while it hears the founders’ challenge to GLAS Trust’s Rs 11,433 crore admitted claim, which gives the lender group more than 99% of creditor voting power.
NCLT has halted Byju's Form G bidding process until August 31, 2026, while it hears founders' challenge to GLAS Trust's Rs 11,433 crore claim, which gives the lender group over 99% creditor voting power.
Why this matters
No related recent Byju’s signals are listed. The NCLT stay delays the Form G bidding process while the founders contest the claim that gives GLAS Trust’s lender group dominant voting power.
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