Manipal seeks to take part in Byjuโ€™s parent insolvency
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Manipal seeks to take part in Byjuโ€™s parent insolvency

BENGALURU: Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byjuโ€™s.In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to companyโ€™s financial and operational data. This marks the groupโ€™s second EoI submission, following an extension of filing deadline to Nov 13. MEMG also asked for access to information memorandum, virtual data room, and evaluation matrix to evaluate feasibility of a potential resolution plan.The resolution professional (RP) will now review eligibility and issue provisional and final lists of applicants, subject to approval from the Committee of Creditors.



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