insolvency proceedings

Companies

Byju’s challenges insolvency order in NCLAT, seeks urgent hearing amid financial turmoil: Report | Mint

by

Education technology firm Byju’s has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) against an order that initiated insolvency proceedings for the company,  once valued at $22 billion, as per a Moneycontrol reports. Livemint could not independently verify this news development. The NCLAT is set to hear Byju’s appeal on July 22,

Continue Reading →
Companies

Byju’s Crisis: NCLT admits BCCI’s petition seeking insolvency proceedings, cricketing body aims to recover ₹158 crore | Mint

by

Mumbai: The National Company Law Tribunal has admitted an insolvency petition against online tutor Byju’s by the Board of Control for Cricket In India for allegedly defaulting on dues worth ₹158 crore. The case pertains to a dispute over sponsorship rights to the Indian cricket team’s jerseys.  BCCI had filed an application before the Bengaluru

Continue Reading →