NCLT nod to appoint Shailendra Ajmera as new resolution professional for Think & Learn
National Company Law Tribunal (NCLT) on Monday approved the appointment of Shailendra Ajmera as the new resolution professional (RP) of the beleaguered edtech firm Byju’s parent Think & Learn.
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This comes after Think & Learn's committee of creditors (CoC) passed a resolution to replace Pankaj Srivastava and appoint Ajmera as the new RP.
Earlier the tribunal directed the CoC to submit its recommendation on the appointment of a new PR after NCLT found lapses in the conduct of RP Pankaj Srivastava and had called for initiation of disciplinary proceedings against him.
On January 29, the NCLT inducted Glas Trust and Aditya Birla Finance onto the CoC by setting aside the reconstitution of a panel carried out by Srivastava on August 31. Glas Trust and Aditya Birla Finance were initially part of the CoC of Think & Learn formed on August 21, but were removed from the list when Srivastava, reconstituted the committee.
Both the financial creditors had raised concerns about the RP's conduct concerning holding CoC meetings.
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