NCLAT sets aside BCCI and Riju Raveendran's plea on settlement for Byju's

NCLAT dismisses Byju's settlement plea, upholds insolvency

Chennai: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal (NCLT), which had on February 10, 2025 directed to pla…

NCLAT sets aside BCCI and Riju Raveendran's plea on settlement for Byju's

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju's and consider the settlement between the debt-ridden edtech firm and the apex cricket body. They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal, which had on February 10, 2025 directed to place their settlement offer befor…

In A Blow To BYJU’S, NCLAT Says Creditors Have ‘Liberty’ To Decide On INR 158 Cr Settlement With BCCI

The National Company Law Appellate Tribunal (NCLAT) has disposed of a petition filed by Riju Ravindran seeking to block lenders of troubled edtech startup BYJU’S from deciding on a INR 158 Cr settlement with the Board of Control For Cricket In India (BCCI). This is a major blow to BYJU’S as its settlement proposal will now be placed before the Committee of Creditors (CoC), comprising GLAS Trust and Aditya Birla Finance, which have been against t…