NCLT stays BYJU’S Form G bidding process as founders contest creditor claims
The NCLT Bengaluru has paused BYJU’S Form G bidding and resolution-applicant shortlisting until August 31, 2026. The stay follows founders’ challenge to GLAS Trust’s ₹11,433 crore admitted claim and creditor voting control, extending uncertainty around the edtech company’s insolvency resolution.
NCLT Bengaluru stayed BYJU’S Form G bidding process and resolution-applicant shortlisting until August 31 while founders challenge GLAS Trust’s ₹11,433-crore claim and creditor voting control. The insolvency process remains stalled amid disputes over overseas asset recoveries and CIRP timelines.
Why this matters
The stay extends a recent pattern: NCLT previously paused BYJU’S bidding until the August 31 hearing as the lender-claim challenge continued.
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