NCLT Bengaluru approves appointment of new RP for debt-laden Byju’s

The National Company Law Tribunal (NCLT), Bengaluru Bench, on Monday indicated the appointment of Shailendra Ajmera as resolution professional (RP) of debt-laden edtech firm Byju’s.

Ajmera will replace former RP Pankaj Srivastava.

Meanwhile, private equity firm Blackstone-backed Singapore Topco withdrew its petition against Aakash Educational Services over proposed changes to the latter’s articles of association (AoA).