Manipal Group submits EoI to participate in insolvency process of Think & Learn, parent of Byju’s

Manipal Group submits EOI to enactment successful insolvency process of Think & Learn, genitor of Byju’s

Dr. Ranjan Pai–led Manipal Education and Medical Group India (MEMG India) has formally submitted an Expression of Interest (EOI) to enactment successful the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Pvt. Ltd. (TLPL), the genitor institution of Byju’s.

According to documents filed with the Resolution Professional (RP), MEMG India has sought to beryllium included successful the database of Prospective Resolution Applicants (PRAs) and expressed its intent to analyse the company’s fiscal and operational details for the intent of evaluating a imaginable solution plan.

According to information shared by MEMG India, this is the 2nd submission of EOI by MEMG aft the clip for specified submission was extended by the RP to November, 13, 2025.

The submission by MEMG India, includes each statutory undertakings required nether the Insolvency and Bankruptcy Code (IBC), 2016. The institution has certified that it meets the eligibility norms for PRAs and is not disqualified nether Section 29A of the IBC.

MEMG has besides submitted the indispensable affidavits, confidentiality commitments and e-stamp executed documentation arsenic portion of the filing.

As per the EOI, MEMG has requested entree to the Information Memorandum, Virtual Data Room, valuation matrix, and different CIRP-related accusation successful bid to measure the feasibility of preparing and submitting a solution plan.

“The Resolution Professional volition reappraisal eligibility, contented a provisional database of PRAs and subsequently a last list, pursuing verification and support from the Committee of Creditors (CoC). Submission of the EOI does not warrant shortlisting oregon support for the adjacent phase. It is nevertheless understood that MEMG India is the lone applicant who has submitted the EOI and determination are nary different applicants who person bid for the same,’’ said a connection shared by the company.

The insolvency process for Think & Learn Pvt Ltd is presently nether mode earlier the National Company Law Tribunal (NCLT), with the RP liable for inviting and evaluating solution plans aimed astatine reviving oregon restructuring the company.

According to manufacture observers, Manipal Group’s EoI gains significance, arsenic a palmy solution of TLPL by Manipal volition assistance successful concern consolidation of AAKASH, successful which Manipal already has a bulk shareholding.