India, Feb. 17 -- After months of drama surrounding BYJU'S the then insolvency resolution professional (IRP) Pankaj Srivastava, the edtech company's committee of creditors (CoC) has reportedly passed a resolution to replace him with Shailendra Ajmera.

According to a report by ET, the CoC submitted an application to the National Company Law Tribunal (NCLT) regarding the replacement on Monday (February 17). Glas Trust counsel Srinivasa Raghavan informed the Tribunal that the CoC voted to replace Srivastava with Ajmera during its meeting earlier in the day.

This comes about three weeks after the NCLT called for removal of Srivastava as the IRP, deeming his conduct during the proceedings unfit and improper for an officer of the tribunal.

"...