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NCLAT Upholds Insolvency Plea Against Byju's
The New Indian Express Anantapur
|April 19, 2025
The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BCCI and Byju Raveendran's brother Riju Raveendran, who is the board member of Byju's, seeking withdrawal of insolvency proceedings against the edtech firm and to allow a settlement between the firm and the cricket board.
They had challenged the February 2025 order passed by the Bengaluru bench of the NCLT, which directed their settlement proposal to be submitted before the new Committee of Creditors (CoC), which also includes US-based Glas Trust, the trustee represen
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