EoIs invited for resolution of Byju’s insolvency case; 24 Sept last date for submission of interest

Think & Learn Private Limited, the parent company of embattled edtech giant Byju’s, has officially called for potential investors to express their interest in acquiring the firm. The company’s Resolution Professional, Mr. Shailendra Ajmera, issued a formal “Invitation for Expression of Interest” (EOI) September 1, 2025, marking a crucial step under the Corporate Insolvency Resolution Process (CIRP) governed by the Insolvency and Bankruptcy Code (IBC).

According to the public notice, potential resolution applicants have until September 24, 2025, to submit their initial EOIs. The process outlines a tight timeline, with the final list of eligible bidders to be published on October 19. These shortlisted parties will then receive the critical information memorandum and evaluation matrix on October 24, leading to a deadline of November 23, 2025, for the submission of final resolution plans.

The document reveals key corporate details of Think & Learn, including its Permanent Account Number (PAN) and Corporate Identity Number (CIN). The company’s registered office is listed at a WeWork facility in Bengaluru’s Koramangala area, a shift from its previous address.

Notably, the notice highlights gaps in the available financial data. It states that information on the quantity and value of products sold in the last financial year is “presently not available,” directing interested parties to request the last audited financial statements from the financial year 2022 via a dedicated email.

The company’s employee strength is estimated to be approximately 3,100, though the notice cautions that this figure is based on preliminary information and is subject to revision.

Interested parties have been directed to submit their expressions of interest and request further documents at ip.byjus@outlook.com. The complete list of creditors is available on the website of the Insolvency and Bankruptcy Board of India (IBBI).

This move formalizes the search for a new owner to take over the operations of what was once India’s most valuable startup. The coming weeks will be critical in determining the future of the company and its assets.

Background

Think & Learn Private Limited, the parent company of ed-tech giant Byju’s, is currently undergoing a corporate insolvency resolution process. The National Company Law Tribunal (NCLT) in Bengaluru initiated the proceedings, following a petition from the Board of Control for Cricket in India (BCCI) over unpaid sponsorship dues. The initial amount was approximately ₹158 crore. The company owes Rs 353 crore to different creditors.

After the insolvency process was initiated, the BCCI and Byju’s co-founder Riju Raveendran attempted to settle the matter and withdraw the proceedings. This was challenged by GLAS Trust, which represents lenders owed a significant amount, and the Supreme Court ultimately upheld the requirement for 90% approval from the Committee of Creditors (CoC) to withdraw the proceedings, a condition that was not met.

The NCLT has since approved the appointment of Mr. Shailendra Ajmera as the new resolution professional for the company, replacing Pankaj Shrivastava.

Also See: SC junks Byju’s, BCCI settlement; paves way for insolvency of edtech firm