The consortium of BYJU’S creditors, including US-based lenders Glas Trust, have urged the National Company Law Tribunal (NCLT) to remove the insolvency resolution professional (RP), Pankaj Srivastava.
The RP has faced criticism for creating confusion and chaos, issuing notices to certain creditors and canceling decisions.
Another creditor, Aditya Birla Finance, also supports the appeal for the removal of the RP, stating that only one party has been accepted as a financial creditor for BYJU’S.
The next hearing at the NCLT is scheduled for November 18.