Last month, the NCLAT had dismissed appeals filed by the BCCI and Byju Raveendran’s brother Riju Raveendran, who is a board member of Byju’s, seeking withdrawal of insolvency proceedings against the edtech firm and also to allow a settlement between the firm and the cricket board.
They had challenged the February 2025 order passed by the Bengaluru bench of the NCLT, which directed their settlement proposal to be submitted before the new CoC, which also includes US-based Glas Trust, the trustee representing lenders of Byju’s.
The BCCI had filed a petition against the parent company of Byju’s Think and Learn over unpaid dues amounting to Rs 158 crore in 2024. On July 16, 2024, the NCLT had admitted the firm into the Corporate Insolvency…
