SUMMARY
The SC bench quashed the NCLAT order that approved the settlement of the INR 158.9 Cr unpaid dues BYJU’S owed to the BCCI
The order came as a result of Glas Trust Company, a consortium of the startup’s aggrieved US-based lenders, moving the SC to retrieve the dues owed to them by BYJU’S
Appearing for BCCI, Solicitor General Tushar Mehta opposed the appeal against the NCLAT order saying that the stay will effectively dissolve the settlement
In a major win for BYJU’S aggrieved US based lenders, the Supreme Court today (August 14) revived the insolvency proceedings against the embattled startup.
An SC bench, led by Chief Justice DY Chandrachud and comprising of justices JB Pardiwala and Manoj Mishra, quashed the…
