SC stays Kerala HC order directing Byju’s RP, EY India chairman, Glas Trust to appear

The Supreme Court on Friday stayed the Kerala High Court order directing Byju’s’ parent Think & Learn’s (TLPL) resolution professional Shailendra Ajmera, a Glas Trust representative, and EY India chairman Rajiv Memani to appear in contempt proceedings linked to the edtech firm’s foreign assets. The Glas Trust represents Byju’s’ US lenders.

The contempt proceedings were initiated by Voizzit Technology, which has claimed rights over TLPL’s foreign assets, including the children’s learning platform Epic and coding platform Tynker.

The…