NCLT Orders Removal Of Resolution Professional

The NCLT directed the IBBI to take disciplinary action against Srivastava, saying his conduct was not fit and proper

The NCLT also ordered the dissolution of the committee of creditors (CoC) constituted to oversee the bankruptcy proceedings of BYJU’S

The Tribunal also set aside Srivastava’s earlier decision to remove Glas Trust and Aditya Birla Finance from the CoC

In another twist in the ongoing insolvency proceedings of edtech major BYJU’S, the National Company Law Tribunal (NCLT) has ordered the removal of…