Manipal seeks to take part in Byju’s parent insolvency – The Times of India

BENGALURU: Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byju’s.In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to company’s financial and operational data. This marks the group’s second EoI submission, following an extension of filing deadline to Nov 13. MEMG also asked for access to information memorandum, virtual data room, and evaluation matrix to evaluate feasibility of a potential resolution plan.The resolution professional (RP) will now review eligibility and issue provisional and final lists of applicants, subject to approval from the Committee of Creditors.