The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders.
By an order on August 14, the top court suspended the National Company Law Appellate Tribunal (NCLAT) order that allowed a settlement between the company and the Board of Control for…
