Present Day

• New evidence continues to emerge about the coordinated attack on Byju's
• Multiple whistleblowers come forward with damning evidence
• IRP's confession to IBBI corroborates whistleblower allegations
• 50,000 families face financial ruin while foreign lenders attempt to seize control of Indian assets

October-November 2024

• Legal battles escalate across multiple forums including NCLT, NCLAT, Supreme Court
• EY resigns but orchestrates appointment of Shailendra Ajmera from same team
• 50,000 employees continue without salaries while India's premier EdTech company deteriorates

September 1-3, 2024

• IRP reclassifies GLAS claim as "contingent" and ABFL as operational creditor
• Reconstitutes CoC with InCred as sole legitimate financial creditor
• GLAS immediately files application seeking IRP's replacement

August 26-30, 2024

• ICICI Bank confirms having no claim against Byju's
• IRP obtains independent legal opinions from former High Court judges
• Justice Sudhir Kumar Katriar opinion concludes: "GLAS does not hold an outstanding claim as on date"
• Justice M.G. Gaikwad opinion concludes: "ABFL cannot be termed as financial creditor"

August 18-21, 2024

• EY reappointed with "commercials kept open as per their standard billing norms"
• IRP admits: "EY IPE deputes about 5-7 persons from their various outstation location to come to Undersigned's office around 12.00 PM and started the work of drafting the IA for constitution of CoC"
• CoC hastily constituted with GLAS (99.41%), ABFL (0.41%), InCred (0.18%), ICICI (0.00%)

August 14-17, 2024

• Supreme Court stays NCLAT order, effectively reviving insolvency proceedings
• BCCI submits Form FA for withdrawal of insolvency petition
• Srivastava, under EY influence, does not file withdrawal application within required timeframe

August 2, 2024

• NCLAT formally accepts settlement, setting aside CIRP admission order
• IRP demits office and terminates professional engagements
• GLAS immediately challenges NCLAT order in Supreme Court

July 31, 2024

• Byju Raveendran settles ₹158 crore debt with BCCI in full
• NCLAT orally directs IRP not to constitute CoC considering settlement

July 23-25, 2024

• Srivastava surrenders control of official IRP email to EY team
• EY arranges legal representation for IRP through Pooja Mahajan
• IRP confesses: "In one of the instances wherein Ms. Pooja Mahajan was representing as RP Counsel stood before the Hon'ble NCLAT without having vakalath from the Undersigned"

July 20, 2024

• EY submits fraudulent disclosure claiming "NIL" relationships despite documented prior work
• EY agrees to drastically reduced fees of ₹3 lakh/month compared to PWC's ₹18 lakh/month quote
• Whistleblower: "EY seemed desperate to get the assignment and were willing to negotiate the professional fee"

July 17-18, 2024

• Srivastava pressured to engage EY despite having previously worked with PWC
• IRP admits: "They further insisted if I did not cooperate for appointing EY as IPE, they shall malign my image as an Insolvency Professional"

July 16, 2024

• Think & Learn (Byju's) admitted into insolvency based on BCCI's ₹158 crore claim
• Pankaj Srivastava appointed as Interim Resolution Professional

January 2024

• GLAS pre-selects Dinkar Venkatasubramanian as Resolution Professional in their Section 7 application
• IRP confirms: "GLAS, an agent representing Lenders had also filed an application C.P. (IB) No. 55/BB/2024 under Section 7 of the Code before the AA"

October 2022

• Evidence shows EY begins working with GLAS on matters related to Byju's offshore debt