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NCLT stays disposal of Byju's K3-linked assets auctioned for Rs 16 cr, flags valuation concern
The insolvency tribunal NCLT has ordered a status quo on Byju's K3 Education's assets. Assets worth Rs 150 crore were allegedly sold for only Rs 16 crore. The tribunal seeks verification of ownership and auction proceeds from the resolution professional. Comprint Tech Solutions, the bidder, must provide an inventory of purchased assets. Further disposal is halted until the next hearing on September 21.
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economictimes.indiatimes.com
NCLT stays disposal of Byju's K3-linked assets auctioned for Rs 16 cr, flags valuation concern
The insolvency tribunal NCLT has ordered a status quo on Byju's K3 Education's assets. Assets worth Rs 150 crore were allegedly sold for only Rs 16 crore. The tribunal seeks…
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thehindubusinessline.com
NCLT orders status quo on Byju’s K3 Education assets
NCLT orders status quo on Byju’s K3 Education assets amid allegations that assets worth Rs 150 crore were auctioned for about Rs 16 crore.
