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Insolvency proceedings: SC admits Byju's case
The New Indian Express Chennai
|May 30, 2025
THE Supreme Court on Thursday admitted the cases filed by edtech firm Byju's promoters against the ongoing insolvency proceedings.
THE Supreme Court on Thursday admitted the cases filed by edtech firm Byju's promoters against the ongoing insolvency proceedings. The apex court has scheduled the next hearing on July 21.
Byju's lawyers challenged the National Company Law Appellate Tribunal (NCLAT) Chennai Bench decision that denied withdrawal of insolvency proceedings initiated by the BCCI. Senior Counsel KK Venugopal said, "A Rs 158 crore settlement between Byju's and BCCI was fully agreed upon, paid, and formally communicated to the IRP (The resolution professional) well before the CoC (Committee of Creditors) was constituted."
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