SC Upholds NCLAT Order: No Relief to BCCI and Byju’s Riju Raveendran in Insolvency Case

The Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order rejecting the appeals filed by the Board of Control for Cricket in India (BCCI) and Byju’s co-founder Riju Raveendran seeking withdrawal of insolvency proceedings initiated against the embattled edtech company. A bench comprising Justices J.B. Pardiwala and R. Mahadevan dismissed the…

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Proof & Company Spirits enters liquidation

Singapore-based distributor Proof & Company Spirits has gone into liquidation, citing ‘mounting challenges’ for the region’s hospitality sector. Proof & Company Spirits in Singapore has gone into liquidation The move was also attributed to the closure of some of the company’s longest-standing restaurants and bars. The decision, supported by the board of directors, shareholders and…