The Supreme Court today(July 21) dismissed civil appeals filed by the Board of Control for Cricket in India (BCCI) and Riju Ravindran challenging the National Company Law Appellate Tribunal (NCLAT) judgment holding that the application for withdrawal of the Corporate Insolvency Resolution Process (CIRP) of Think and Learn Pvt Ltd (the company running Byju’s) needed approval from 90 percent of the Committee of Creditors.
A bench comprising Justice JB Pardiwala and Justice R Mahadevan heard the matter. Senior Advocate KK Venugopal and Senior Advocate Guru Krishna Kumar appeared for Riju Ravindran, the suspended director and promoter of Think and Learn Pvt Ltd. Solicitor General Tushar Mehta appeared for BCCI.
The appeal has been filed…