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flag Indian tribunal orders disciplinary action against Byju's manager, reconstitutes creditor committee.

flag 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. flag Srivastava was removed, and the tribunal reconstituted the Committee of Creditors, including Glas Trust and Aditya Birla Finance, to appoint a new resolution professional. flag This follows the Supreme Court's decision to resume insolvency proceedings against Byju's parent company, Think & Learn.

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