Byju, Insolvency and supreme court

Court Rejects Byju’s Settlement, Paving Way for Insolvency
India’s top court struck down a bankruptcy tribunal’s order that allowed Byju’s to settle debts with a key creditor, pushing the online tutor back firmly into the insolvency process.The Supreme Court Wednesday ruled that the National Company Law Appellate Tribunal didn’t follow due legal procedure when it allowed a debt settlement between Byju’s and India’s cricket regulator.
Setback for Byju’s as Supreme Court restores insolvency case, raps NCLAT for overreach
The Supreme Court restored insolvency proceedings against Byju’s, overturning the NCLAT’s decision to halt the case. The court criticized NCLAT for procedural overreach, underscoring the need to follow IBC protocols,
India’s Supreme Court overturns NCLAT order, reinstates Byju’s insolvency proceedings
In the petition, it alleged that Byju’s had defaulted on payments related to a sponsorship agreement. In response, NCLT went on to initiate the Corporate Insolvency Resolution Process (CIRP), which was later suspended when the NCLAT approved a settlement between Byju’s and BCCI.
Byju's payment dispute settlement with India cricket body set aside by top court
India's top court on Wednesday set aside an appeals tribunal order that allowed settlement of a payment dispute between the Indian cricket body and education technology company Byju's, handing a win to its U.
SC sets aside NCLAT ruling that halted BYJU’S’ insolvency proceedings
The apex court directed the Board of Control for Cricket in India to deposit the Rs 158 crore settlement amount into the escrow account of the Committee of Creditors.
Byju’s-BCCI settlement: SC sets aside NCLT order on Rs 158-crore dispute
The apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the settlement with BCCI. This provides relief to US lender Glas Trust Co.
Supreme Court Overturns NCLAT's Ruling: A Major Setback for Byju's in Insolvency Proceedings Saga
The Supreme Court annulled NCLAT's decision that paused insolvency proceedings against Byju's, giving Glas Trust Company LLC standing to intervene. BCCI also faced a setback as Byju's dues settlement was overturned.
SC sets aside NCLAT decision in Byju’s case
SC sets aside NCLAT decision in Byju’s case, highlighting procedural irregularities; judgment by Krishnadas Rajagopal
Byju’s settlement set aside; Zomato’s platform fee hiked
The Supreme Court has set aside the NCLAT order that approved a settlement deal between Byjus and the BCCI. This and more in todays ETtech Top 5.
Supreme Court Sets Aside NCLAT Order Which Closed Insolvency Process Against Byju's Based On Settlement With BCCI
The Supreme Court today (October 23) set aside the order of the National Company Law Appellate Tribunal which closed the insolvency proceedings against ed-tech company Byju's (Think and Learn Pvt Ltd) accepting a settlement between it and the Board of Control for Cricket in India (BCCI) for about Rs 158 crores.
In big setback for BYJU's, SC revokes settlement with BCCI; revives insolvency proceedings
Earlier in August, the NCLAT had granted relief to BYJU's by setting aside the insolvency proceedings against it after approving its Rs 158.9 crore dues settlement with the BCCI.
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes, ...
Once India's hottest startup, Byju's admits mistakes as company plummets from $22 billion to zero
In a dramatic fall from grace, Byju Raveendran, founder of Indian edtech company Byju's, has admitted to significant mistakes ...
Byju's founder Byju Raveendran ready to return money to lenders but with a condition, it is…
New Delhi: Byju Raveendran, the founder of the famous edtech startup Byju's, which is struggling with a terrible ...
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From Zoho's Sridhar Vembu To Byju's Byju Raveendran: Best And Worst Startup Founders In India, According To New Reddit Poll
In a recent Reddit poll by the “Startup India” community, Byju Raveendran, the co-founder and CEO of Byju’s, was voted as the ...
Top 5 reasons that led to the downfall of Byju’s: From $22 billion to less than $3 billion in just one year
The fall of Byju's was marked by a number of issues including overambitious acquisitions, increasing losses, piling debts, ...