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Learn more about Bing search results hereThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
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 sets aside N…
The Supreme Court on Wednesday allowed the appeal filed by US-based financial …
Supreme Court stays NCLA…
The Supreme Court on Wednesday stayed a recent judgment delivered by the …
NCLT is not a post office an…
The Supreme Court on Wednesday allowed the appeal filed by US-based financial …
Once India's biggest startup, Byju's faces insolvency …
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 tribunal said...
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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 …
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: A New Navigator Amid Creditors’ Clash
8 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 …
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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India’s top court clears way for Byju’s insolvency …
Aug 14, 2024 · India’s top court has put on hold a tribunal ruling that halted Byju’s insolvency proceedings — a win for U.S. creditors that are seeking to recover $1 billion from the once-celebrated edtech...
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 …
Supreme Court Sets Aside NCLAT Order Closing …
Oct 23, 2024 · On August 20, the Top Court refused to pass orders to restrain the Resolution Professional from forming a Committee of Creditors for ed-tech company Byju's in the insolvency proceedings...
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 …
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 …
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 …
In a setback for Byju's, Supreme Court sets aside NCLAT
Oct 23, 2024 · Byju's was entered into insolvency after US lenders complained to the Supreme Court in August about the misuse of the company's $1 billion loan. Raveendran denied all …
Byju’s insolvency: NCLT approves new resolution professional
11 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 …
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 …
Supreme Court orders status quo in Byju’s insolvency
On August 14, the court suspended the NCLAT order that allowed a settlement between the company and BCCI, effectively reviving the insolvency proceedings against Byju’s. Acting on a …
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) …
Explained | How Byju's went from being a startup star to facing …
Aug 14, 2024 · Bengaluru/Mumbai: The Supreme Court revived insolvency proceedings against edtech company Byju's on Wednesday following a lawsuit from US lenders. The latest court …
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 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 …
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 …
NCLT Ushers a New Chapter in Byju's Insolvency Saga with …
7 hours ago · The NCLT has appointed Shailendra Ajmera as the resolution professional for Byju's, undergoing insolvency proceedings. Ajmera replaces Pankaj Shrivastava, who faced …
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 …
BYJU’S Insolvency: NCLAT Quashes Plea To Block CoC From …
5 days ago · The BCCI filed an insolvency plea against BYJU’S last year to recover INR 158 Cr owed to it. This plea led to the beginning of insolvency proceedings against the company, …
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 …
NCLT Bengaluru approves appointment of new RP for debt-laden …
8 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 …
NCLT is not a post office and 3 other findings of Supreme Court …
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) …
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