An EY-backed resolution professional (RP) has initiated legal action at the National Company Law Tribunal (NCLT), asserting that Byju’s former directors are financially liable under the Insolvency and Bankruptcy Code (IBC). The suit alleges that these directors orchestrated fraudulent transfers of company assets, causing significant harm to Byju’s, and demands compensation from them. This move intensifies the ongoing insolvency and governance disputes surrounding the edtech firm.