Setback to Byju, SC reverses NCLAT order closing insolvency proceedings
The Daily Guardian|October 24, 2024
In a setback to ed-tech company Byju, the Supreme Court on Wednesday set aside the decision of the National Company Law Appellate Tribunal (NCLAT) closing the insolvency proceedings against ed-tech company Byju's by accepting a settlement between it and the Board of Control for Cricket in India (BCCI) for about Rs 158 crores.
Setback to Byju, SC reverses NCLAT order closing insolvency proceedings

A bench headed by Chief Justice DY Chandrachud and also comprising Justices JB Pardiwala and Manoj Misra set aside the judgment of the NCLAT dated 2 August.

"We allow the present appeal and set aside the impugned judgment of the NCLAT dated 2 August 2024 in the above terms. At this stage, it would not be appropriate for this Court to adjudicate on the objections of the appellant to the settlement agreement on merits. The issues raised are the subject matter of several litigations in different fora, including the Delaware Court and investigations by various authorities, including the Enforcement Directorate, which are pending," the top court said.

Denne historien er fra October 24, 2024-utgaven av The Daily Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 24, 2024-utgaven av The Daily Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE DAILY GUARDIANSe alt
The Daily Guardian

Omar Abdullah Responds to Jaishankar's Remarks on PoK

Pakistan has been in illegal occupation of approximately 78,000 sq km of Indian territory in the Union Territories of Jammu & Kashmir and Ladakh.

time-read
2 mins  |
March 07, 2025
The Daily Guardian

Balochistan: Four Terrorists Arrested Near Pak-Afghan Border

Four terrorists were arrested by security forces near the Pakistan-Afghanistan border in Toba Kakri area of Balochistan, The Dawn reported, citing Radio Pakistan.

time-read
1 min  |
March 07, 2025
The Daily Guardian

Renuka Shahane Working on Black Comedy as Next Directorial

Actor-director Renuka Shahane says she is working on the script of her next directorial, which will likely feature her husband Ashutosh Rana.

time-read
1 min  |
March 07, 2025
The Daily Guardian

No fresh FIR against Udhayanidhi, orders SC

The Supreme Court on Thursday ordered no further FIRs to be registered against Tamil Nadu minister and DMK leader Udhayanidhi Stalin without its permission on his \"eradicate Sanatan Dharma\" remark in 2023.

time-read
1 min  |
March 07, 2025
The Daily Guardian

Factionalism continues in Punjab Congress, Bhupesh Baghel denies rift

Infighting among Punjab Congress leaders persists, with several leaders, including Navjot Singh Sidhu, maintaining distance from the party for over a year.

time-read
1 min  |
March 07, 2025
The Daily Guardian

Another Day Of Gains; Nifty Above 22,500, Sensex Up 610 Pts; All Sectors In Green

After an initial dip, both benchmark indices rebounded sharply, with the Sensex surging 609.87 points to close at 74,340.09, while the Nifty 50 climbed 207.40 points to end at 22,544.70.

time-read
1 min  |
March 07, 2025
The Daily Guardian

Supreme Court: Courts Cannot Grant Compensation for Wrongful Confinement in Bail Applications Under Section 439 of CrPC

The court in the case stated that once the accused was released after the filing for the closure report, the bail application had become infructuous. Thus, the High Court ought to have closed it.

time-read
2 mins  |
March 07, 2025
The Daily Guardian

Adani Foundation Celebrates 1,000 'Lakhpati Didis'

Ahead of the upcoming International Women's Day on March 08, 2025, the Adani Foundation felicitated more than 1,000 'Lakhpati Didis' at an event in Mundra in Kutch, Gujarat.

time-read
1 min  |
March 07, 2025
The Daily Guardian

Shami finds support in Philander, Southee for revoking saliva ban

Former New Zealand captain Tim Southee and former South African pacer Vernon Philander expressed support for star India pacer Mohammed Shami, who recently urged the International Cricket Council (ICC) to revoke the ban on usage of saliva on the ball in order to bring reverse swing back into the limited-overs game, ESPNCricinfo reported.

time-read
2 mins  |
March 07, 2025
The Daily Guardian

Trump to Revoke Legal Status for 240,000 Ukrainians as US Steps Up Deportations

U.S. President Donald Trump's administration is planning to revoke temporary legal status for some 240,000 Ukrainians who fled the conflict with Russia, a senior Trump official and three sources familiar with the matter said, potentially putting them on a fast-track to deportation.

time-read
1 min  |
March 07, 2025