Aditya Birla Finance accuses Byju's insolvency professional of fraud

The allegations are the latest in a series of complaints against the resolution professional overseeing the edtech company’s management as it undergoes the insolvency process.

Aditya Birla Finance, one of the creditors of Byju's, has alleged that the interim resolution professional appointed by the National Company Law Tribunal wrongfully classified the lender as “operational creditor” instead of a “financial creditor”, Mint reported on Wednesday. The edtech giant is currently facing an insolvency resolution process. 

Operational creditors are entities or individuals who aid a company in its business operations by supplying goods and services. Aditya Birla Finance maintains that it is a financial creditor instead. This means that Byju's has obtained loans or debt securities from the company. The latter has now filed a plea with …