Tag: NCLAT

NCLAT directs NCLT to decide on BCCI-Byju’s settlement within a week

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NCLAT directs NCLT to decide on BCCI-Byju’s settlement within a week

Photo used for representation purpose only. | Photo Credit: Reuters Appellate tribunal NCLAT has directed NCLT to decide within a week over BCCI’s plea for settlement and withdrawal of insolvency matter against ed-tech firm Byju’s. A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain on Friday directed the National Company Law Tribunal (NCLT)…

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NCLAT orders status quo on Coastal Energen insolvency resolution process

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NCLAT orders status quo on Coastal Energen insolvency resolution process

The National Company Law Appellate Tribunal (NCLAT), Chennai on Friday (September 6, 2024) ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore (excluding resolution process cost) resolution plan submitted by Dickey Alternative Investment Trust and…

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NCLAT approves Byju’s settlement with BCCI, sets aside insolvency plea against edtech firm

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NCLAT approves Byju’s settlement with BCCI, sets aside insolvency plea against edtech firm

Image used for representative purpose only. | Photo Credit: Reuters In a major relief to Byju’s, the NCLAT on August 2 set aside insolvency proceedings against the troubled edtech major over a sponsorship deal and approved a ₹158 crore settlement with the Board of Control for Cricket in India. The National Company Law Appellate Tribunal…

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BCCI hints at settlement talks with Byju’s, NCLAT adjourns matter to July 31

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BCCI hints at settlement talks with Byju’s, NCLAT adjourns matter to July 31

Byju at the time of admission of BCCI plea by NCLT had said it is hopeful of reaching “an amicable settlement” with the BCCI. File | Photo Credit: Reuters The BCCI on July 30 sought a day’s adjournment at appellate insolvency tribunal NCLAT, saying talks are going on with Byju’s, hinting at the possibility of…

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Byju’s insolvency proceedings order: NCLAT Chennai judge refuses to hear appeal

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Byju’s insolvency proceedings order: NCLAT Chennai judge refuses to hear appeal

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 refused to hear an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior counsel…

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Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

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Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

National Company Law Appellate Tribunal (NCLAT) Chennai Judicial Member Justice Sharad Kumar Sharma on July 29 recused himself from hearing an appeal by Byju Raveendran against the insolvency proceedings ordered against Think & Learn Private Limited, which runs Byju’s, citing that he has appeared for Board of Control for Cricket in India (BCCI) as senior…

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NCLAT chairperson calls for developing robust mechanism to regulate digital markets

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NCLAT chairperson calls for developing robust mechanism to regulate digital markets

Ashok Bhushan. File | Photo Credit: PTI Effective cooperation among the BRICS nations in striking the right balance between promoting sustainability and competition is pertinent to deal with complex challenges, National Company Law Appellate Tribunal (NCLAT) chairperson Ashok Bhushan said on October 12. Emphasising the importance of having free and fair competition in the market…

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