The Bengaluru bench of the National Company Law Tribunal has ordered a status quo on Byju’s K3 assets sold through an auction, stopping any further disposal until the next hearing on September 21, 2026. The order follows allegations that assets estimated at around Rs 150 crore were auctioned for approximately Rs 16 crore.
Subheadline: The tribunal has directed the buyer to submit a sworn inventory, storage details and photographs of the assets within a week.
Bengaluru | September 7, 2026
The two-member NCLT bench directed Shailendra Ajmera, the resolution professional of Think and Learn Private Limited, the parent company of Byju’s, and Comprint Tech Solutions, the successful bidder, to maintain the status quo over the articles, equipment and assets covered by an auction notice dated August 2, 2026.
The order was passed on an application filed by the resolution professional of Byju’s K3 Education and Kritikal Solutions. The applicants sought protection of the assets pending verification of their ownership and the proceeds from the auction. They argued that the resolution professional of Think and Learn had not produced documentary evidence establishing ownership of the articles that were sold.
The applicants also raised concerns about the successful bidder. According to their submissions, Comprint Tech Solutions has its registered address in an under-construction building that was found locked during repeated visits. They further told the tribunal that at least 15 vehicles carrying the assets had already left the warehouse for Mumbai in the days before the hearing.
The tribunal recorded that articles valued at about Rs 150 crore had been auctioned for roughly Rs 16 crore. It said the bidder could potentially dispose of the assets to avoid becoming involved in litigation. The tribunal also noted that the current status of the auctioned articles was not known.
“Since the articles worth about Rs 150 crore have been auctioned for about Rs 16 crore, the bidder is likely to get rid of same to save itself from being entangled in litigation,” the NCLT said in its order.
The suspended directors of Byju’s supported the application. They argued that there was no need to proceed hastily with the auction and said the corporate insolvency resolution process for Think and Learn was intended to facilitate the company’s revival rather than require an immediate sale of its assets at what they described as a low value.
The tribunal said that maintaining the status quo would not irretrievably prejudice any party, including the successful bidder, and ordered that the direction remain in force “at least until some concrete evidence comes up”.
The NCLT also allowed Comprint Tech Solutions to be impleaded as a party to the proceedings. The company has been directed to file, within a week, a sworn inventory of the assets it purchased, details of where they are being stored and supporting photographs. The resolution professional of Think and Learn was separately directed to comply within a week with an earlier August 20 order requiring transaction-related details.
