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Learn more about Bing search results hereOrganizing and summarizing search results for youByju's, the Indian edtech company, is facing insolvency following a $19 million dispute with the Indian cricket board. The dispute is related to payments for sponsorship rights for the Indian cricket team's jerseys. Shareholders have alleged mismanagement, and Deloitte and board members from Peak XV Partners, Prosus, and Chan Zuckerberg Initiative have resigned.2 Sources
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Supreme Court stays NCLAT’s order on Byju’s Insolvency: What …
Sep 18, 2024 · On August 14, 2024, the Hon’ble Supreme Court of India stayed the order of the National Company Law Appellate Tribunal (“NCLAT”), Chennai, which halted the insolvency …
See results only from barandbench.comSupreme Court stays NCLA…
The Supreme Court on Wednesday stayed a recent judgment delivered by the …
NCLAT did not apply its min…
The Supreme Court on Wednesday expressed doubts over whether the …
Supreme Court sets aside N…
The Supreme Court on Wednesday allowed the appeal filed by US-based financial …
Byju’s Insolvency: A New Navigator Amid Creditors’ Clash
4 hours ago · The Bengaluru insolvency court selected Shailendra Ajmera to act as a resolution professional for Byju's bankruptcy proceedings after changing the leadership of the case. Byju …
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Byju’s insolvency case: Supreme Court sets aside NCLAT decision
Oct 23, 2024 · The Supreme Court on Wednesday (October 23, 2024) set aside a judgment of the National Company Law Appellate Tribunal (NCLAT) allowing a ₹158 crore settlement between …
Byju’s insolvency: NCLT approves new resolution professional
8 hours ago · Byju’s insolvency battle has taken a fresh turn as a new resolution professional steps in. With creditors and former directors at odds, the fight for control—and a crucial ₹158 …
Supreme Court overturns NCLAT judgment that closed …
Oct 23, 2024 · Supreme Court reversed NCLAT Ruling and restarted Insolvency Process against Byju’s The present appeal raises substantial questions about the legal framework governing …
Byju’s insolvency case: Supreme Court reserves judgment on …
Sep 26, 2024 · Chief Justice Chandrachud had asked BCCI. allowing the ed-tech firm Byju’s to pay a settlement. Supreme Court reserves verdict on U.S. firm's plea against NCLAT order …
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Supreme Court orders status quo on Byju's insolvency …
Sep 26, 2024 · The Supreme Court today has reserved its judgment on the plea by US-based creditor Glas Trust Company LLC challenging the National Company Law Appellate Tribunal …
Byju's insolvency case: SC reserves judgment on plea …
Sep 26, 2024 · Byju’s legal team argued that the company has been excluded from key decisions in the insolvency process, despite owning 99.18 percent of the business. They requested a pause on the insolvency...
SC Ruling on Insolvency Settlement Process | BYJU'S
Nov 11, 2024 · The case involved Think and Learn Pvt Ltd, the parent company of BYJU’s, India’s largest ed-tech firm, as the corporate debtor. The initial insolvency proceeding began with an …
Supreme Court junks NCLAT decision to close insolvency …
Oct 23, 2024 · New Delhi: The Supreme Court on Wednesday set aside National Company Law Appellate Tribunal's order which had halted the insolvency proceedings against edtech major …
Byju’s insolvency: Suspended directors challenge NCLT ruling
Feb 5, 2025 · Byju’s suspended directors have moved the NCLAT against a ruling that reinstates lenders while leaving a key ₹ 158 crore BCCI settlement in limbo. The outcome could …
Byju's insolvency proceedings case: Supreme Court to hear plea …
Sep 11, 2024 · On July 16, the Bengaluru Bench of the National Company Law Tribunal (NCLT) had admitted 'Think and Learn', Byju's parent company, to the insolvency resolution process …
NCLT Ushers a New Chapter in Byju's Insolvency Saga with …
3 hours ago · The NCLT has appointed Shailendra Ajmera as the resolution professional for Byju's, undergoing insolvency proceedings. Ajmera replaces Pankaj Shrivastava, who faced …
Supreme Court Stays NCLAT Decision to Close Insolvency Case …
Aug 16, 2024 · In a crucial development, the Supreme Court of India has stayed the decision of the National Company Law Appellate Tribunal (NCLAT) to close an insolvency case against …
Byju’s insolvency case: SC halts creditors’ meeting
Sep 27, 2024 · BENGALURU: The Supreme Court on Thursday reserved its verdict and directed the Insolvency Resolution Professional (IRP) of edtech firm Byju’s to maintain status quo and …
Supreme Court Revives Byju's Insolvency Proceedings
Oct 25, 2024 · The Supreme Court has overturned the National Company Law Appellate Tribunal's (NCLAT) decision that had ended insolvency proceedings against ed-tech giant …
Once India's biggest startup, Byju's faces insolvency proceedings
Jul 16, 2024 · Edtech company Byju's, once India's biggest startup valued at $22 billion, will face insolvency proceedings for failure to pay $19 million in dues to the country's cricket board, a …
byjus: ETtech Explainer: Edtech company Byju’s legal woes take …
6 days ago · According to the Insolvency and Bankruptcy Code (IBC), before such an application can be filed with the NCLT, approval of at least 90% of CoC members is required. However, in …
Byju’s insolvency: NCLT approves new resolution professional
Byju’s insolvency battle has taken a fresh turn as a new resolution professional steps in. . ... Lessors of the airline had filed a contempt case against him, alleging mismanagement of …
NCLAT did not apply its mind while closing insolvency …
Sep 25, 2024 · The Supreme Court on Wednesday expressed doubts over whether the National Company Law Appellate Tribunal (NCLAT) had applied its mind while deciding to close …
Supreme Court stays NCLAT decision to close insolvency case …
Aug 14, 2024 · The Supreme Court on Wednesday stayed a recent judgment delivered by the National Company Law Appellate Tribunal (NCLAT) closing insolvency proceedings initiated …
Supreme Court clarifies the withdrawal process in BYJU’s …
Dec 30, 2024 · In its recent ruling in GLAS Trust Company LLC v. BYJU Raveendran & Ors. (available here), the Supreme Court of India set aside the National Company Law Appellate …
Supreme Court sets aside NCLAT judgment that closed …
Oct 23, 2024 · The Supreme Court on Wednesday allowed the appeal filed by US-based financial creditor Glas Trust challenging the National Company Law Appellate Tribunal (NCLAT) …
NCLT Bengaluru approves appointment of new RP for debt-laden …
4 hours ago · Byjus, Byju (Photo: Reuters) ... NCLT asks BCCI to submit insolvency withdrawal plea before Byju's CoC. Glas Trust, Aditya Birla Finance reinstated as lenders of edtech co …
Byju's crisis: Law tribunal admits plea to initiate insolvency ...
Jul 16, 2024 · The Bengaluru bench of the National Company Law Tribunal (NCLT) has admitted a plea from the Board of Control for Cricket in India (BCCI) to initiate insolvency proceedings …
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