Founders Blame Suspended IRP For Delay In Submitting BCCI’s Application

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SUMMARY

The company said that if the submissions were made on time, BYJU’S could have emerged from insolvency by now

The comment was made during a hearing at the NCLAT Chennai bench, regarding the NCLT Bengaluru bench blocking the withdrawal of insolvency plea

It is pertinent to note that the NCLT, in January this year, removed the then BYJU’S IRP Srivastava

In yet another twist in BYJU’S insolvency proceedings, the edtech giant’s founders have reportedly accused the former interim resolution professional (IRP)…



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Founders Blame Suspended IRP For Delay In Submitting BCCI’s Application


SUMMARY

The company said that if the submissions were made on time, BYJU’S could have emerged from insolvency by now

The comment was made during a hearing at the NCLAT Chennai bench, regarding the NCLT Bengaluru bench blocking the withdrawal of insolvency plea

It is pertinent to note that the NCLT, in January this year, removed the then BYJU’S IRP Srivastava

In yet another twist in BYJU’S insolvency proceedings, the edtech giant’s founders have reportedly accused the former interim resolution professional (IRP)…



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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