BYJU’S insolvency: EoI deadline extended as bidders show little interest

Shailendra Ajmera – the Resolution Professional (RP) in the corporate insolvency resolution process (CIRP) of Think & Learn Private Limited, the parent entity of edtech giant BYJU’S — has extended the deadline for submitting Expressions of Interest (EOI) to November 13, 2025 from the earlier deadline of 24 September.

The updated timeline, published in a revised Form G on September 24, 2025, outlines a clear roadmap for the sale of the company. According to the schedule, a provisional list of eligible bidders will be issued on November 23, 2025, with the final list expected on December 8, 2025. Qualified applicants will then receive the critical information memorandum and evaluation matrix on December 13, 2025, giving them a month to submit formal resolution plans by January 12, 2026.

The document provides key operational details about the corporate debtor. It notes that BYJU’S has approximately 3,100 employees and that its major fixed assets are located in Bengaluru. However, it highlights a significant information gap, stating that details on the quantity and value of products sold in the last financial year are “presently not available.” The last audited financial statements accessible are for the financial year 2022.

Interested parties are directed to the dedicated process website, https://byjuscirp.com/, and a specific email ID, ip.byjus@outlook.com, to obtain necessary documents, including the list of creditors which is also available on the IBBI portal.

This extension and the formalized schedule mark a crucial step in determining the future of the once high-flying startup. The process will decide whether the company is sold as a going concern or broken up, with assets like its significant investment in Aakash Educational Services Ltd. (AESL) likely attracting separate attention. The extended timeline provides potential resolution applicants more time to conduct due diligence on the complex affairs of the company.

Brief on the Corporate Insolvency Resolution Process (CIRP)

• Initiation: The CIRP against Think & Learn Pvt. Ltd. (the “Corporate Debtor”) was initiated on July 16, 2024, by the National Company Law Tribunal (NCLT), Bengaluru Bench, on an application filed by the Board of Control for Cricket in India (BCCI).
• Legal Challenges: The process faced legal challenges. The NCLAT initially set aside the CIRP order on August 2, 2024, but the Supreme Court reinstated it on October 23, 2024.
• Current Status: The Resolution Professional (RP), Mr. Shailendra Ajmera, was appointed on February 11, 2025, and is now inviting Expressions of Interest (EOI) from potential buyers.

Assets of BYJU’s Up for Sale

The assets are offered for sale in three categories. The following table lists the “Identified Assets” as per Schedule I of the document.

Important Note: The document clarifies that this is an indicative list. The RP reserves the right to add, remove, or create different combinations of these assets based on further information and the EOIs received. The sale is on an “as is, where is, whatever there is” basis, meaning the buyer acquires the assets with all existing faults and without warranties from the seller.

Also Read: NCLAT dismisses appeal of Byju’s RP in Aakash shareholding dispute