NCLAT orders NCLT to rule within a week on BCCI's request to end Byju's insolvency case.
The National Company Law Appellate Tribunal (NCLAT) has ordered the National Company Law Tribunal (NCLT) to decide within a week on BCCI's request to withdraw insolvency proceedings against ed-tech firm Byju's. This follows Riju Raveendran's challenge against the reinstatement of Glas Trust and Aditya Birla Finance into Byju's Committee of Creditors (CoC). The NCLAT dismissed Raveendran's appeal, emphasizing that the NCLT must resolve BCCI's application promptly.
2 months ago
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