Tag: insolvency proceedings byjus

SC rejects pleas of BCCI, Byju’s to defer Committee of Creditors from meeting

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SC rejects pleas of BCCI, Byju’s to defer Committee of Creditors from meeting

The Court had issued notice to Byju Raveendran, his company Think and Learn Private Limited and the BCCI. | Photo Credit: ANI The Supreme Court on Thursday (August 22, 2024) did not heed repeated requests by debt-ridden ed-tech firm Byju’s and the Board of Control for Cricket in India (BCCI) to defer the Committee of…

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Byju’s insolvency proceedings revived by the SC; setback for founder Raveendran and U.S. lenders

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Byju’s insolvency proceedings revived by the SC; setback for founder Raveendran and U.S. lenders

Representational image of the Byju’s logo | Photo Credit: Reuters The Supreme Court on Wednesday (August 14, 2024) revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold, in a victory for U.S. lenders that say they are owed $1 billion by the education technology company. The Supreme Court order is a…

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