The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control.
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The Supreme Court stayed NCLAT's order approving Byju's payment of ₹158.9 crore to BCCI, following solicitor general Tushar Mehta's protests. BCCI was instructed to deposit the money in an escrow account. Senior advocate Shyam Divan highlighted that numerous claims were pending against Byju’s, signaling financial distress affirming the need to revisit insolvency proceedings.
The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control.
The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control.
Byju's stated that its auditor, BDO Global, stepped down due to unfulfilled document requests during insolvency proceedings. The edtech firm noted...
Byju's stated that its auditor, BDO Global, stepped down due to unfulfilled document requests during insolvency proceedings. The edtech firm noted...
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The development was “surprising” and “in conflict” with insolvency proceedings in India, wrote Pankaj Srivastava, the Interim Resolution...
The development was “surprising” and “in conflict” with insolvency proceedings in India, wrote Pankaj Srivastava, the Interim Resolution...
THE Office of the Solicitor General (OSG) has asked the Supreme Court to dismiss for lack of merit the petition seeking to enjoin the administration...