The NCLT Bengaluru bench has frozen assets auctioned during the insolvency process of Think and Learn Private Limited, Byju’s parent company. The court intervened following claims that assets valued at Rs 150 crore were sold for only Rs 16 crore, amid disputes over ownership rights. The next hearing is scheduled for September 21, 2026.
The NCLT Bengaluru Bench has issued a status quo order on assets sold during the corporate insolvency resolution process of Think and Learn Private Limited. This directive prevents the buyer, Comprint Tech Solutions (I) Private Limited, from disposing of or altering the status of the inventory acquired in a recent auction. The court’s intervention follows allegations regarding the auction process, which was initiated on August 2, 2026.
The core of the dispute involves a significant difference between the estimated valuation of the assets and the actual sale price. Submissions to the tribunal suggest that assets purportedly worth Rs 150 crore were auctioned off for Rs 16 crore. This wide gap has raised questions among creditors and former stakeholders about the transparency and due diligence followed during the sale.
Beyond the pricing concern, the legal challenge includes claims regarding the actual ownership of the items sold. The Resolution Professional for Byju’s K3 Education Private Limited has argued that the auction improperly included assets that did not belong to the corporate debtor, Think and Learn Private Limited. This raises concerns about whether the auction complied with Section 18(1)(f) of the Insolvency and Bankruptcy Code, which limits a resolution professional's authority to assets strictly owned by the entity under insolvency.
While Think and Learn Private Limited is a private entity and not listed on public stock exchanges, the ongoing insolvency process remains a critical event for its creditors, lenders, and employees. The current court order forces the buyer to maintain a comprehensive record of the purchased inventory, including photographs and physical location details, which must be submitted for court review.
The tribunal has scheduled the next hearing for September 21, 2026. These proceedings will focus on reconciling the conflicting ownership claims and determining whether the auction process met the regulatory standards required under Indian insolvency laws. The final outcome of this dispute could determine the validity of the sale and influence the broader liquidation proceedings for the company.