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Byju, insolvency and Supreme Court
Byju's Insolvency Case Twist: Supreme Court Reserves Judgement
The Supreme Court's decision on 26 September to temporarily halt Resolution Professional's (RP) planned meetings about Byju's bankruptcy case suggests that legal actions are still pending and there are still questions about the company's future.
SC halts Byju's insolvency case temporarily, reserves order on BCCI settlement's plea
The Supreme Court also raised questions regarding the possibility of reaching a settlement outside the established procedures, particularly in relation to Regulation 30A of the Insolvency and Bankruptcy Code (IBC).
Supreme Court stays NCLAT’s order on Byju’s Insolvency: What lies ahead?
On August 14, 2024, the Hon’ble Supreme Court of India stayed the order of the National Company Law Appellate Tribunal (“NCLAT”), Chennai, which halted the inso
Supreme Court halts creditors meeting in Byju’s insolvency case
The Supreme Court has halted Byju's committee of creditors meetings until a final ruling is made, delaying bankruptcy proceedings. Glas Trust is challenging the removal of its representation in these meetings,
Byju's insolvency case: SC reserves judgment on plea challenging BCCI settlement
During the hearing, Byju’s financial troubles were a key focus, with the company reported to have suffered a loss of Rs 8,104 crore as of March 2022. The court also heard that Byju’s auditors resigned recently,
Supreme Court orders status quo in Byju’s insolvency
The insolvency process against Byju’s was initiated in June 2024 by the National Company Law Appellate Tribunal (NCLAT) following a plea by BCCI alleging default
BYJU's Insolvency: Supreme Court Orders Status Quo, Stays Meeting Of Resolution Professional
The Supreme Court on Thursday reserved judgment on the petition filed against the National Company Law Appellate Tribunal (NCLAT) order that allowed Board of Control for Cricket in India (BCCI) to settle its dues with Byju's on latter paying Rs 158 crore.
SC questions NCLAT verdict approving settlement of BCCI claim of Rs 158.9 cr by Byju’s
The Supreme Court on Wednesday questioned the verdict of insolvency appellate tribunal NCLAT setting aside the insolvency proceedings against ed-tech major Byju's and approving its Rs 158.9 crore dues settlement with the BCCI.
Byju’s insolvency case: Supreme Court reserves order on US lenders’ plea, says no COC meetings until verdict
The Supreme Court on September 26 reserved its order on a plea by edtech platform Byju’s’ US lenders challenging their exclusion from the Committee of Creditors (CoC). The court has restrained the insolvency resolution professional (IRP) from holding any further meetings of the CoC until the top court decides the case.
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IBBI Amends Rules to Enhance Interim Representation for Creditors in Insolvency Process
The IBBI has amended insolvency regulations to introduce an interim representative for creditor groups, ensuring their ...
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Mint Explainer: Why Byju's creditors took its insolvency professional to court
Ahead of Aditya Birla Finance and Glas Trust’s respective hearings on 24 and 25 September, Mint explains how the rift between ...
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There is a need to integrate perspectives on the importance of insolvency laws with global trade in multilateral or bilateral ...
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IBBI Amends Insolvency Norms to Boost Creditor Representation
This move is aimed at facilitating the effective representation of creditors that are large in number, such as homebuyers, ...
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IBBI Amends Rules for Improved Creditor Representation in Insolvency
The IBBI has amended insolvency rules to enhance creditor representation, particularly for large groups like homebuyers, ...
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SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Creditor
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IBBI amends rules to enhance creditor representation in insolvency process
The IBBI has amended the Insolvency Resolution Process for Corporate Persons norms to introduce significant changes to ...
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