The Supreme Court on Thursday refused to stay the operations of the Committee of Creditors (CoC) formed in the insolvency resolution process against ed-tech company Byju’s.
A Committee of Creditors (CoC) is a group of people who represent a company’s creditors during a bankruptcy proceeding or insolvency process.
The apex court had on August 14 revived the insolvency process against Byju’s. It had stayed the August 2 order of the National Company Law Appellate Tribunal (NCLAT) allowing the ed-tech company’s approximately Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI).
A Bench of Chief Justice of India (CJI) DY Chandrachud, along with…
