India, March 10 -- With BYJU'S stuck in bankruptcy limbo, its suspended resolution professional Pankaj Srivastava has made damning allegations against Khaitan & Co, accusing the law firm of strong-arming him to appoint EY as process advisor for investigation into the edtech firm.

In a confidential filing to the Insolvency and Bankruptcy Board of India (IBBI), Srivastava alleged that officials of Khaitan & Co insisted that he engage EY as the process advisor for the corporate insolvency resolution process (CIRP) of Think & Learn Pvt Ltd, the parent of BYJU'S, as per a report by Business Standard.

"They further insisted that if I did not cooperate for appointing EY as the IPE, they would malign my image as insolvency professional," the fo...