Byju's insolvency: NCLAT sets aside BCCI and Riju Raveendran's plea for settlement
Appellate tribunal NCLAT has dismissed appeals from BCCI and Riju Raveendran over Byju's settlement, upholding the NCLT's order to consider the edtech platform's settlement offer with the Committee of Creditors. The core issue revolved around the timing of the settlement proposal relative to the CoC's formation.
Appellate tribunal NCLAT has dismissed appeals from BCCI and Riju Raveendran over Byju's settlement, upholding the NCLT's order to consider the edtech platform's settlement offer with the Committee of Creditors. The core issue revolved around the timing of the settlement proposal relative to the CoC's formation.
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