NCLT Directs Status Quo On Byju’s Parent Company Assets Auctioned Amid Ownership Dispute
Mumbai, September 3, 2026: The Bengaluru bench of the National Company Law Tribunal (NCLT) has directed Shailendra Ajmera, the Resolution Professional (RP) of Think and Learn Pvt Ltd (TLPL), the parent company of Byju’s, and the successful auction bidder to maintain status quo on the assets sold, amid a dispute over their ownership and their connection with the ongoing corporate insolvency…
On September 3, 2026, the National Company Law Tribunal (NCLT) in Bengaluru ruled that the assets of Think and Learn Pvt Ltd (TLPL), Byju’s parent company, must remain in status quo after being auctioned in a dispute over ownership. The order was issued on August 31 following a petition from TLPL’s Resolution Professional (RP) Shailendra Ajmera, who had bid and won the auction.
The case centered around the assets of Byju K3 Education Pvt Ltd, with the tribunal noting that ownership remained unclear. TLPL claimed that the assets were theirs and had been supplied to Byju K3’s students, while the successful bidder, Comprint Tech Solutions (I) Pvt Ltd, was asked to provide a detailed inventory, storage address, and photographs of the purchased items. The tribunal directed both parties to maintain the status quo on the assets until further notice.
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