Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Get creditors' nod for Byju's settlement: NCLT to BCCI
Hindustan Times West UP
|February 11, 2025
IF THE COC APPROVES THE SETTLEMENT, BYJU'S COULD EXIT INSOLVENCY, RESTORING CONTROL TO FOUNDER BYJU RAVEENDRAN
NEW DELHI: The Bangalore insolvency court on Monday directed the Board of Control for Cricket in India (BCCI) to submit a ₹158 crore settlement plea before the Committee of Creditors (CoC) to obtain approval for its settlement with bankrupt edtech firm Byju's in order to facilitate the company's exit from insolvency.
This decision follows a 7 February order from the National Company Law Appellate Tribunal (NCLAT), which instructed the National Company Law Tribunal (NCLT) to decide on BCCI's plea within 10 days.
Byju's sought a settlement after its suspended management cleared the ₹158 crore dues—an amount owed under a sponsorship agreement with the BCCI.
This story is from the February 11, 2025 edition of Hindustan Times West UP.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times West UP
Hindustan Times West UP
Frankenstein, Skynet, Ultron: Tall-tale signs of machines with minds
Joseph-Marie Jacquard was in his fifties when he invented the Jacquard machine.
3 mins
October 26, 2025
Hindustan Times West UP
More skeletons tumble out, ₹13.20 crore payout to deceased surfaces
{ ₹42.04-CR CHITRAKOOT PENSION SCAM
1 min
October 26, 2025
Hindustan Times West UP
A numbers game
It’s thrilling to see showrunners in their 50s writing messy heroines who still prevail. Heaven knows, we've waited long enough
2 mins
October 26, 2025
Hindustan Times West UP
Mr Marco and Ms Deb, solving crimes in Kolkata
We don’t normally think of foreign secretaries as authors of detective fiction.
3 mins
October 26, 2025
Hindustan Times West UP
Don’t blame women for the violence they suffer
West Bengal chief minister Mamata Banerjee’s remark in the context of the rape of a medical student in her state, that the latter shouldn't have been out so late at night, is worrying.
2 mins
October 26, 2025
Hindustan Times West UP
AUSSIE CRICKETERS MOLESTED AT INDORE, ACCUSED ARRESTED: POLICE
BHOPAL: Two women cricketers from Australia were allegedly sexually harassed by a 30-yearold man in Indore during their stay in the city for a Women's World Cup match on Thursday night, police said.
1 min
October 26, 2025
Hindustan Times West UP
All infiltrators will be deported: Amit Shah
Union home minister Amit Shah on Saturday slammed the opposition INDIA bloc for opposing the special intensive revision (SIR) of electoral rolls in poll-bound Bihar, and asserted that every infiltrator would be detected and deported to their countries.
1 mins
October 26, 2025
Hindustan Times West UP
1/5th of candidates in Bihar fray are scions
Two sons of a former Union minister pitted against each other, a husband and a wife contesting from neighbouring constituencies (from the same party), and several members of a family contesting from one party - all reflect the influence of powerful political families in Bihar. In several constituencies, veteran leaders have passed the political baton to their children, even grandchildren.
1 min
October 26, 2025
Hindustan Times West UP
Stairway to enhancing social privilege, prestige
The degree now isa signifier of distinction
3 mins
October 26, 2025
Hindustan Times West UP
Trump begins Asia tour, likely to meet Xi
ABOARD AIR FORCE ONE: US President Donald Trump headed for Asia on Saturday and high-stakes trade talks with Chinese counterpart Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong Un on his trip.
1 min
October 26, 2025
Listen
Translate
Change font size