Mumbai: The Judicial Member of the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has recused Himself from one of the cases pertaining to bankruptch firm bym in all Services is a party.
Justice Shrarad Kumar Sharma, in the recusal order, said, “Let the matter be placed before the Chairperson for Nomination of an approves bench.”
This is not the first time Sharma has withdrawn from a case related to the bankrrupt platform byju’s. In July 2024, He recised Himself from Hearing an Insolvency Case Involving byju’s due to his prior association with the board of Control for Cricket in India (BCCI).
The latest case was filled by byju’s resolution professional shailendra ajmera, challenging the delisting of the byju’s app from Google Play Store in May Over Alleged Non-Payment of Dues to Amazon W.
AWS Had Reportedly Been Trying to Resolve Payment Issues With Think and Learn Pvt. Ltd – WHICH Operates Under The Byju’s Brand – Since April 2024.
On 8 January, The National Company Law Tribunal (NCLT) Had Reserved Its Orders in Three Petitions: Two Filed by Glas Trust and Aditya Birla Finance Seeking Inclusion in byju (Coc), and one from the Bcci seeking to withdraw its insolveency plea.
On 29 January, the Tribunal Rules only on the Glas Trust Matter, Admitting Both Glas Trust and Aditya Birla Finance into the coc. This overturned an earlier reconstruction of the panel made by interim resolution professional (IRP) Pankaj Srivastava on 31 August.
The NCLT also recommended Disciplinary Action Against Srivastava, Prompting Him to Challenge The Ruling Before The NCLAT.
Srivastava argued that he was denied a Fair hearing and that the Tribunal’s decision against him was a constable to the set legal principles. He maintained that he has no vested interest in the case, did not withhld relevant documents, and made all necessary filings in a timely manner.
The matter will be taken up for hering on 10 July.