The NCLT has now directed the BCCI to speak with Byju’s lenders in order to try to find a solution in light of the Supreme Court’s ruling.
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT), have directed the National Company Law Tribunal (NCLT) to decide the application filed by Board of Control for Cricket in India (BCCI) to withdraw the corporate insolvency resolution process (CIRP) against Byju’s within a week’s time
The Tribunal resolved the appeal of former Byju promoter Riju Raveendran, who contested the reinstatement of Aditya Birla Finance and Glas Trust in Byju’s Committee of Creditors (CoC). The NCLT’s ruling dated 29.01.2025, which ordered disciplinary action against Pankaj Srivastava,…