Byju Raveendran Challenges NCLT Order To Include Glas Trust, Aditya Birla Finance In CoC

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Adding another layer to the BYJU’S court room saga, the edtech startup’s founder and CEO Byju Raveendran has now reportedly challenged the National Company Law Tribunal’s (NCLT’s) order to include its creditors Glas Trust and Aditya Birla Finance to the committee of creditors (CoC).

According to a report by ET, the founder filed a petition with the National Company Law Appellate Tribunal (NCLAT), in which he called the admission of the creditors to the CoC as well as reconstitution of the committee to set up the ex- insolvency…



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Byju Raveendran Challenges NCLT Order To Include Glas Trust, Aditya Birla Finance In CoC


Adding another layer to the BYJU’S court room saga, the edtech startup’s founder and CEO Byju Raveendran has now reportedly challenged the National Company Law Tribunal’s (NCLT’s) order to include its creditors Glas Trust and Aditya Birla Finance to the committee of creditors (CoC).

According to a report by ET, the founder filed a petition with the National Company Law Appellate Tribunal (NCLAT), in which he called the admission of the creditors to the CoC as well as reconstitution of the committee to set up the ex- insolvency…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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