SC questions NCLAT verdict approving settlement of BCCI claim of ₹158.9 cr by Byju's
The Free Press Journal|September 26, 2024
The Supreme Court on Wednesday questioned the verdict of insolvency appellate tribunal NCLAT setting aside the insolvency proceedings against Byju's and approving its Rs 158.9 crore dues settlement with the BCCI.

Observing that the National Company Law Appellate Tribunal (NCLAT) did not apply its mind while closing the insolvency proceedings against the ed-tech major, a bench headed by Chief Justice DY Chandrachud hinted that it may send back the dispute for fresh adjudication.

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