insolvency, Byju
SC halts Byju's insolvency case temporarily, reserves order on BCCI settlement's plea
The Supreme Court also raised questions regarding the possibility of reaching a settlement outside the established procedures, particularly in relation to Regulation 30A of the Insolvency and Bankruptcy Code (IBC).
Byju's insolvency case: SC reserves verdict on US firm's plea
The Supreme Court reserved its verdict on a plea by Glas Trust Company LLC challenging the NCLAT order that set aside insolvency proceedings against Byju's. The court also maintained status quo, direc
Supreme Court halts creditors meeting in Byju’s insolvency case
The Supreme Court has halted Byju’s committee of creditors meetings until a final ruling is made, delaying bankruptcy proceedings. Glas Trust is challenging the removal of its representation in these meetings,
Byju’s case: SC reserves verdict on plea challenging nat’l law tribunal order
The Supreme Court on Thursday directed the insolvency resolution professional (IRP) to maintain status quo and not to hold any meeting of the committee of creditors (CoC) in the matter pertaining to insolvency proceedings against ed-tech firm Byju’s.
Supreme Court Reserves Order on Byju's Insolvency Proceedings
The Supreme Court has reserved its verdict on a plea challenging NCLAT's decision to halt insolvency proceedings against Byju's. The bench, led by Chief Justice DY Chandrachud, has asked the insolvency professional to maintain the status quo until a final decision is made.
'You Have Rs 15,000 Crore Due Why Only Settle BCCI's': Supreme Court To Byju's
The Supreme Court has questioned whycrisis-hit ed-tech major Byju's chose to settle its dues only with the BCCI despite beingin Rs 15,000 crore debt.
Byju's insolvency case: SC reserves judgment on plea challenging BCCI settlement
During the hearing, Byju’s financial troubles were a key focus, with the company reported to have suffered a loss of Rs 8,104 crore as of March 2022. The court also heard that Byju’s auditors resigned recently,
SC questions NCLAT verdict approving settlement of BCCI claim of Rs 158.9 cr by Byju’s
The Supreme Court on Wednesday questioned the verdict of insolvency appellate tribunal NCLAT setting aside the insolvency proceedings against ed-tech major Byju's and approving its Rs 158.9 crore dues settlement with the BCCI.
SC reserves verdict on BCCI-Byju's settlement
The Supreme Court on Thursday reserved its verdict on the plea of Glas Trust, the administrative and collateral agent for the financial creditors of the corporate debtor Byju's Alpha Inc, challenging the legality of the National Company Law Appellate Tribunal's approval of the Rs 158-crore settlement between BCCI and Riju Raveendran,
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Byju's Insolvency: Supreme Court Halts Creditors Committee From Holding Meetings
US-based lenders, represented by Glas Trust LLC, were removed from the committee of creditors even after establishing that ...
Supreme Court orders status quo in Byju’s insolvency
The insolvency process against Byju’s was initiated in June 2024 by the National Company Law Appellate Tribunal (NCLAT) ...
Byju’s insolvency case: Supreme Court reserves judgment on challenge to NCLAT’s stay order
Supreme Court reserves verdict on U.S. firm's plea against NCLAT order halting insolvency proceedings for Byju's.
SC tells Byju's RP not to hold meeting of lenders until verdict is out
The court, during the hearing, asked Byju's and BCCI if the rules, particularly Regulation 30A of the Insolvency and ...
'Biological links with non-biological beings ...': Congress accuses Byju's of 'preferential treatment' to BCCI
Congress accused Byju's of giving preferential treatment to the BCCI by settling a Rs 158 crore debt despite having an ...
Byju’s loses appeal over $1.2 billion loan default as Delaware Supreme Court upholds ruling
Byju’s, the embattled Indian education technology company, suffered another significant setback on September 23 when the ...
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BYJU’S Glas Trust Case: SC Asks IRP To Maintain Status Quo Until Judgement
The SC also flagged concerns about whether current laws allow for a settlement to bypass the established procedures ...