The insolvency resolution process against Byju's parent company Think and Learn was halted as the National Company Law Appellate Tribunal (NCLAT) on Friday accepted the settlement between Raveendran and the Board of Control for Cricket in India (BCCI).
This is with the condition that the undertaking given by Raveendran and his younger brother Riju has not been breached. Any failure to make payments on specific dates mentioned in the undertaking would lead to the revival of insolvency proceedings against Byju's.
This story is from the August 03, 2024 edition of Business Standard.
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This story is from the August 03, 2024 edition of Business Standard.
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