Byju, Insolvency and supreme court

Court Rejects Byju’s Settlement, Paving Way for Insolvency
India’s top court struck down a bankruptcy tribunal’s order that allowed Byju’s to settle debts with a key creditor, pushing the online tutor back firmly into the insolvency process.The Supreme Court Wednesday ruled that the National Company Law Appellate Tribunal didn’t follow due legal procedure when it allowed a debt settlement between Byju’s and India’s cricket regulator.
Setback for Byju’s as Supreme Court restores insolvency case, raps NCLAT for overreach
The Supreme Court restored insolvency proceedings against Byju’s, overturning the NCLAT’s decision to halt the case. The court criticized NCLAT for procedural overreach, underscoring the need to follow IBC protocols,
Byju's payment dispute settlement with India cricket body set aside by top court
India's top court on Wednesday set aside an appeals tribunal order that allowed settlement of a payment dispute between the Indian cricket body and education technology company Byju's, handing a win to its U.
Supreme Court Quashes NCLAT's Ruling On Byju's Insolvency Proceedings
The SC bench criticised the NCLAT for using its discretionary powers to stop the insolvency process, highlighting that proper procedures under the Insolvency and Bankruptcy Code must be followed
India’s Supreme Court overturns NCLAT order, reinstates Byju’s insolvency proceedings
In the petition, it alleged that Byju’s had defaulted on payments related to a sponsorship agreement. In response, NCLT went on to initiate the Corporate Insolvency Resolution Process (CIRP), which was later suspended when the NCLAT approved a settlement between Byju’s and BCCI.
Byju’s-BCCI settlement: SC sets aside NCLT order on Rs 158-crore dispute
The apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the settlement with BCCI. This provides relief to US lender Glas Trust Co.
SC sets aside NCLAT ruling that halted BYJU’S’ insolvency proceedings
The apex court directed the Board of Control for Cricket in India to deposit the Rs 158 crore settlement amount into the escrow account of the Committee of Creditors.
Supreme Court Overturns NCLAT's Ruling: A Major Setback for Byju's in Insolvency Proceedings Saga
The Supreme Court annulled NCLAT's decision that paused insolvency proceedings against Byju's, giving Glas Trust Company LLC standing to intervene. BCCI also faced a setback as Byju's dues settlement was overturned.
Supreme Court sets aside NCLAT order stopping insolvency process against Byju’s
The Supreme Court also directed that Byju's settlement amount of Rs 158 crore with BCCI, be deposited with a committee of creditors.
SC puts aside the NCLAT approval of Byju’s – BCCI ₹158 Cr settlement
An earlier decision by the National Company Law Appellate Tribunal (NCLAT) that authorized a ₹158 crore settlement between Byju's (Think and Learn Pvt Ltd) and the Board of Control for Cricket in India (BCCI) was overturned by the Supreme Court of India,
In big setback for BYJU's, SC revokes settlement with BCCI; revives insolvency proceedings
Earlier in August, the NCLAT had granted relief to BYJU's by setting aside the insolvency proceedings against it after approving its Rs 158.9 crore dues settlement with the BCCI.
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes, ...
SC setback for Byju's: Zomato, Swiggy hike platform fee
The Supreme Court has set aside the NCLAT order that approved a settlement deal between Byjus and the BCCI. This and more in ...