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Byju, supreme court of india
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.
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.
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.
Supreme Court sets aside NCLAT order stopping insolvency process against Byju’s
The Supreme Court also directed that Byju's settlement amount of Rs 158 crore with BCCI, be deposited with a committee of creditors.
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 Top Court Intervenes in Byju's and Cricket Board Settlement Case
India's Supreme Court ruled that the settlement application between Byju's and the Cricket Board should have been heard by the Company Law Tribunal. The top court deemed the Appeals Tribunal's ruling allowing the settlement as procedurally incorrect and set aside an order that quashed insolvency proceedings against Byju's.
SC sets aside NCLAT order approving Byju's payment dispute settlement with BCCI
The Supreme Court on Wednesday (Oct. 23) overturned an order by the National Company Law Appellate Tribunal (NCLAT) that permitted a settlement between the Board of Control for Cricket in India (BCCI) and edtech firm Byju’s.
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.
SC puts aside the NCLAT approval of Byju’s – BCCI ₹158 Cr settlement
An earlier decision by the National Company Law Appellate Tribunal (NCLAT) that authorized a ₹158 crore settlement between Byju's (Think and Learn Pvt Ltd) and the Board of Control for Cricket in India (BCCI) was overturned by the Supreme Court of India,
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.
SC sets aside NCLAT order stopping insolvency proceedings against EdTech BYJU'S
Today, Wednesday, October 23, the Supreme Court has set aside the verdict of the National Company Law Appellate Tribunal (NCLAT) that had halted the insolvency proceedings against EdTech company BYJU'S.
16m
India's startups need more than growth; focus on governance also crucial
Some of the most prominent startups are struggling to build the governance structures they need to handle their rapid growth ...
4d
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 ...
5d
on MSN
'Worth zero': Founder of India's once biggest startup Byju's concedes mistakes
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of ...
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