The Supreme Court on Wednesday raised concerns about the National Company Law Appellate Tribunal (NCLAT) order, which closed the insolvency proceedings against beleaguered edtech firm Byju's, saying that the appellate tribunal "did not apply its mind at all", and that it'll send the matter back to them for fresh hearing.
"See the reasoning in NCLAT order. Which is just a para (para 44). This does not show any application of mind at all... Let the Tribunal again apply its mind and see it afresh," Chief Justice of India (CJI) DY Chandrachud said while hearing the appeal filed by US-based lender Glas Trust Company, challenging the NCLAT order approving the settlement of ₹158 crore between the edtech firm and the Board of Control for Cricket in India (BCCI).
The court will hear the matter again on Thursday.
Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 26, 2024 sayısından alınmıştır.
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