Manipal Group submits EOI to participate in insolvency proceedings of Think & Learn, the parent company of Byju’s
Dr. Ranjan Pai led Manipal Education and Medical Group India (MEMG India) has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Pvt. Ltd. (TLPL), the parent company of Byju’s.
According to documents submitted by the Resolution Professional (RP), MEMG India sought to be listed as a potential resolution applicant (PRA) and expressed its intention to review the company’s financial and operational details to evaluate a potential resolution plan.
According to data shared by MEMG India, this is the second EOI submission by MEMG after the deadline for such submission was extended by RP to November 13, 2025.
MEMG India’s filing includes all statutory undertakings required under the Insolvency and Bankruptcy Act (IBC), 2016. The company has confirmed that it meets the eligibility standards for the PRA and is not disqualified under Section 29A of the IBC.
MEMG also submitted the necessary affidavits, confidentiality obligations and electronically stamped documentation as part of the filing.
According to the EOI, MEMG requested access to the Information Memorandum, Virtual Data Room, Evaluation Matrix and other information related to CIRP to assess the feasibility of preparation and submit a resolution plan.
“Resolution Professional will assess the eligibility, issue a provisional PRA list and subsequently a final list after verification and approval by the Committee of Creditors (CoC). Submission of an EOI does not guarantee shortlisting or approval for the next stage. However, it is understood that MEMG India is the only applicant who has submitted an EOI and there are no other applicants who have applied for the same,” the company said.
Think & Learn Pvt Ltd is currently undergoing insolvency proceedings before the National Company Law Tribunal (NCLT), with the NCLT being responsible for inviting and evaluating resolution plans aimed at reviving or restructuring the company.
According to industry observers, Manipal Group’s EoI is gaining importance as Manipal’s successful resolution of TLPL will help in the business consolidation of AAKASH, in which Manipal already has a majority stake.
Published – 13 Nov 2025 21:13 IST
