NCLAT rejects Raveendran, BCCI pleas in Byju's insolvency case

The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by Riju Raveendran and the Board of Control for Cricket in India (BCCI) seeking withdrawal of insolvency proceedings against Byju's and considered the settlement between the debt-ridden edtech firm and the top cricket body.

- Ayesha Arvind

BENGALURU:

The petitioners had challenged a February 10, 2025 order of the Bengaluru bench of the National Company Law Tribunal (NCLT) that had directed BCCI to withdraw its insolvency plea against Byju's and table its settlement proposal before the Committee of Creditors (CoC) of Think and Learn Private Limited, the parent company of the edtech firm.