BYJU’S insolvency saga: Shailendra Ajmera appointed new IRP

The Bengaluru bench of the National Company Law Tribunal (NCLT) has appointed Shailendra Ajmera as the new insolvency resolution professional (IRP) of troubled edtech startup BYJU'S. The order also noted that the members of BYJU's committee of creditors, passed a resolution to replace the outgoing IRP Srivastava with Ajmera. 99.82% of the members voted in favour of Ajmera.