No stay on NCLT order for CoC vetting of BCCI-Byju’s deal

Share via:


The National Company Law Appellate Tribunal (NCLAT) on Wednesday did not grant any interim relief to Byju’s suspended director Riju Ravindran, who approached it seeking that his Rs 158-crore settlement with the Indian cricket board not be placed before the edtech firm’s committee of creditors (CoC).

Ravindran moved the appellate tribunal to block the CoC from taking up an application filed by the Board of Control for Cricket in India (BCCI) for withdrawing its insolvency petition against Byju’s parent company, Think & Learn. The National Company…



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.

Team SNFYI
Hi! This is Admin.

Popular

More Like this

No stay on NCLT order for CoC vetting of BCCI-Byju’s deal


The National Company Law Appellate Tribunal (NCLAT) on Wednesday did not grant any interim relief to Byju’s suspended director Riju Ravindran, who approached it seeking that his Rs 158-crore settlement with the Indian cricket board not be placed before the edtech firm’s committee of creditors (CoC).

Ravindran moved the appellate tribunal to block the CoC from taking up an application filed by the Board of Control for Cricket in India (BCCI) for withdrawing its insolvency petition against Byju’s parent company, Think & Learn. The National Company…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Team SNFYI
Hi! This is Admin.

More like this

OpenAI starts selling ChatGPT at discount, hurting Microsoft: Report

The company projects nearly $15 billion in annual...

Intel appoints engineering hires as part of CEO Tan’s...

Intel hired three chip industry executives in engineering...

vivo T4 Ultra smartphone now available in India, starting...

vivo has announced the sale of its latest...

Popular

Upcoming Events

bbsfbb asdsdfasda asdasdfsda asdasdfsda asdasdfsda asdsdfasda