Archive · 5 Sep 2026
NCLT Stays Sale of Byju's Subsidiary Assets Amid Valuation Dispute
Byju's parent company is going through a formal insolvency process.
Some equipment and other assets connected to a subsidiary were auctioned.
The assets were said to be worth about Rs 150 crore, but they were sold for about Rs 16 crore.
Another resolution professional asked the tribunal to pause further movement of the assets.
The tribunal was also told that the buyer's listed office was locked during visits.
The NCLT ordered everyone to keep the assets where they are for now.
It asked the buyer to list what it purchased and show where the items are stored.
The tribunal will consider the matter again on September 21.
The NCLT ordered a status quo on assets auctioned from Byju's K3 Education until the next hearing on September 21.
The assets were alleged to be worth about Rs 150 crore but were sold for approximately Rs 16 crore.
Byju's K3 Education's resolution professional and Kritikal Solutions sought protection pending verification of ownership and auction proceeds.
The tribunal said the assets' current location was unknown and directed Comprint Tech Solutions to submit an inventory, storage details and photographs.
The NCLT also ordered Think and Learn Private Limited's resolution professional to provide transaction-related information within a week.
- Who
- The National Company Law Tribunal, resolution professionals for Think and Learn Private Limited and Byju's K3 Education, Kritikal Solutions, Comprint Tech Solutions and Byju's suspended directors.
- What
- The NCLT stayed further disposal or movement of assets auctioned from Byju's K3 Education and ordered the parties to maintain status quo.
- When
- The order was issued earlier in the week; the status quo will continue until the next hearing on September 21. The auction notice was dated August 2, 2026, and a related information order was dated August 20.
- Where
- The case was heard by the Bengaluru bench of the National Company Law Tribunal; the assets were reportedly being moved toward Mumbai.
- Why
- The tribunal was asked to protect the assets while ownership and auction proceeds are verified, amid allegations that assets worth about Rs 150 crore were sold for about Rs 16 crore.
Applicants and Suspended Directors
Resolution Professional and Auction Buyer
Whether the auction should proceed
Applicants and Suspended Directors
The resolution professional for Byju's K3 Education, Kritikal Solutions and Byju's suspended directors sought protection of the assets and argued that there was no need to hurry with the auction.
Resolution Professional and Auction Buyer
The resolution professional of Think and Learn Private Limited had auctioned the articles and equipment, while Comprint Tech Solutions was the successful bidder.
Ownership and value of the assets
Applicants and Suspended Directors
The applicants argued that Think and Learn Private Limited's resolution professional had not produced documentary evidence establishing ownership of the auctioned articles, and questioned the sale of assets allegedly worth Rs 150 crore for about Rs 16 crore.
Resolution Professional and Auction Buyer
The tribunal noted the auction had taken place, but directed the buyer to provide an inventory and supporting evidence while requiring the parent company's resolution professional to furnish transaction details.
Current location and risk of disposal
Applicants and Suspended Directors
The applicants said vehicles carrying the assets had left the warehouse for Mumbai and that the buyer's registered address was locked during repeat visits, creating concern that the assets could be disposed of.
Resolution Professional and Auction Buyer
The tribunal said the assets' current status was unknown and found that maintaining status quo would not irretrievably prejudice the successful bidder.
- Tribunal
- Bengaluru bench of the National Company Law Tribunal
- Asset valuation alleged
- Approximately Rs 150 crore
- Auction price alleged
- Approximately Rs 16 crore
- Buyer
- Comprint Tech Solutions
- Next hearing
- September 21
- Required buyer filing
- A sworn inventory, storage location and supporting photographs within one week
- Related company
- Think and Learn Private Limited, the parent entity of Byju's