SC dismisses Byju Raveendran’s plea against NCLAT order

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The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI‘s claim be placed before the Committee of Creditors.

A bench of Justices J B Pardiwala and K V Viswanathan dismissed the appeal against the April 17 order of the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) and asked senior counsel Navin Pahwa, representing Raveendran in the matter, to proceed further.

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SC dismisses Byju Raveendran’s plea against NCLAT order



The Supreme Court on Friday dismissed a plea of Byju Raveendran, the promoter of Think and Learn Private Limited that operates ed-Tech firm Byju, challenging an NCLAT order which has mandated that the settlement of the BCCI‘s claim be placed before the Committee of Creditors.

A bench of Justices J B Pardiwala and K V Viswanathan dismissed the appeal against the April 17 order of the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) and asked senior counsel Navin Pahwa, representing Raveendran in the matter, to proceed further.

In its…



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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