India, Jan. 29 -- In another twist in the ongoing insolvency proceedings of edtech major BYJU'S, the National Company Law Tribunal (NCLT) has ordered the removal of its resolution professional (RP) Pankaj Srivastava.

The Tribunal directed the Insolvency and Bankruptcy Board of India (IBBI) to take disciplinary action against Srivastava, saying his conduct was not fit and proper as expected from an officer of the tribunal, Bar and Bench reported.

The NCLT also ordered the dissolution of the committee of creditors (CoC) constituted to oversee the bankruptcy proceedings against the Byju Raveendran-led company.

With this, it also set aside Srivastava's earlier decision to remove Glas Trust and Aditya Birla Finance from the CoC.

In its ord...