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Indian tribunal orders disciplinary action against Byju's manager, reconstitutes creditor committee.
The National Company Law Tribunal (NCLT) has ordered disciplinary proceedings against Pankaj Srivastava, the resolution professional of the debt-ridden ed-tech company Byju's, due to his prejudicial actions.
Srivastava was removed, and the tribunal reconstituted the Committee of Creditors, including Glas Trust and Aditya Birla Finance, to appoint a new resolution professional.
This follows the Supreme Court's decision to resume insolvency proceedings against Byju's parent company, Think & Learn.
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El tribunal indio ordena una acción disciplinaria contra el gerente de Byju, reconstituye el comité de acreedores.