NCLAT

SC Questions NCLAT Ruling on Approving Byju’s INR 158.9 Crore BCCI Settlements

On 25 September 2024, the Supreme Court questioned Byju's choice to pay off the Board of Control for Cricket in India (BCCI) for INR 158 crore, while leaving behind significant amounts owed to other creditors, such as US lender Glas Trust Co LLC, totaling INR 15,000 crore.

The Supreme Court Has Temporarily Halted the Appeals Tribunal’s Decision Over the BYJU'S-BCCI Settlement

On Wednesday, the Supreme Court issued a stay of the NCLAT ruling that had set aside the insolvency proceedings against the ed-tech major. This effectively enabled Byju Raveendran, the owner of the company, to regain control of the business. The ruling of the NCLAT that approved the settlement of Byju&