NCLT questions Byju’s RP over CoC reconstitution and governance issues amid insolvency

The NCLT Bengaluru bench questioned Byju’s insolvency resolution professional (RP) Pankaj Srivastava over the reconstitution of its creditors' committee and Aakash Institute's board meeting. The counsel representing the RP argued that the CoC was formed on a provisional basis owing to the pressure to establish the CoC after the Supreme Court passed the order.