STARTUP LEGAL6 Sept 2026
NCLT stays disposal of Byju's K3-linked assets: ‘Articles worth ₹150 crore auctioned for about ₹16 crore’ | Company Business News
The National Company Law Tribunal (NCLT) has stopped further sale of Byju's K3 Education assets until its next hearing on September 21. The order came after concerns that assets worth about ₹150 crore were auctioned for only about ₹16 crore. The tribunal wants ownership and sale proceeds verified before anything else moves. If you're following Byju's insolvency, this simply means a pause until concrete evidence appears.
Key Statutory Highlights
- NCLT has ordered status quo on Byju's K3 Education assets auctioned under a notice dated August 2, 2026, until September 21.
- Assets valued at around ₹150 crore were reportedly sold for just about ₹16 crore.
- The successful bidder, Comprint Tech Solutions, has its registered address in an under-construction building that was found locked on repeat visits.
Actionable Advice for Taxpayers / Founders:Business owners connected to Byju's insolvency should track the September 21 NCLT hearing and seek verified records of any asset auction before relying on its outcome.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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