Byju's CoC Moves Supreme Court After NCLAT Refuses Impleadment In GLAS Trust Removal Plea

Today, the Committee of Creditors (CoC) of Byju's parent company Think & Learn Pvt Ltd, moved the Supreme Court challenging an order passed by the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on 24 February 2026.

On 24 February, the NCLAT had held that although the CoC may litigate in its own name under the IBC, it was not a necessary party to the plea seeking removal of GLAS Trust and accordingly upheld the Bengaluru National Company Law Tribunal's (NCLT) 26 August 2025 order dismissing the CoC's impleadment application.

Justice N Seshasayee, Member (Judicial) wrote:

“Without engaging ourselves in an exercise to micro scan the objection raised for evaluating its merit, we merely state that prima facie the extent of power granted appears broad based, but in view of the decision taken in this appeal, we find no need to deal with it in greater detail.”

Think & Learn Pvt. Ltd. entered the Corporate Insolvency Resolution Process (CIRP) on 16 July 2024 before the National Company Law Tribunal, Bengaluru Bench. The resolution professional constituted the CoC on 21 August 2024, and reconstituted it on 31 August 2024 by removing certain financial creditors, including GLAS Trust Company LLC.

Aggrieved by their removal, the affected creditors approached the NCLT. On 29 January 2025, the Tribunal allowed their applications and restored them to the CoC.

Thereafter, a suspended director of Think & Learn Pvt. Ltd. filed an application seeking removal of GLAS Trust from the CoC. The CoC filed an impleadment application seeking to participate in those proceedings.

On 26 August 2025, the NCLT dismissed the CoC's application, holding that it did not possess a separate juristic personality and could be represented only by the resolution professional. The Tribunal further held that since the removal application was directed specifically against GLAS Trust, the CoC was neither a necessary nor a proper party.

On 24 February 2026, the Chennai Bench of the NCLAT, upheld the NCLT's decision. It observed that while the CoC may litigate in its own name under the IBC for functional purposes, impleadment was unnecessary in the present case.

Following this, the Committee of Creditors has filed an appeal in the Supreme Court, challenging the NCLAT order.

The matter is yet to be listed by the top court.