Suspended Resolution Professional Alleges Pressure To Rope In EY

Pankaj Srivastava alleged that Khaitan & Co officials threatened to malign his image as insolvency officer if he appointed anyone but EY as process advisor in the insolvency procedure against BYJU’S

Khaitan & Co is representing GLAS Trust, US-based lenders who gave BYJU’S $1.2 Bn term loan B in 2021, in their ongoing legal battle against the edtech company

NCLT initiated bankruptcy proceedings against BYJU’S last year after the BCCI $complained about failure to recover unpaid dues worth INR 158 Cr

With BYJU’S…