New Delhi: The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings.
The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that denied withdrawal of insolvency proceedings initiated by the Board of Control for Cricket in India (BCCI) despite a full and final settlement of dues prior to the constitution of the Committee of Creditors (CoC).
The matter came up for hearing before a bench of Justices Vikram Nath and Sanjay Kumar which issued notice to respondents, including the BCCI, seeking their…
