HomeStartupsByju’s-BCCI settlement: SC sets aside NCLT order on Rs 158-crore dispute

Byju’s-BCCI settlement: SC sets aside NCLT order on Rs 158-crore dispute

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By Dark Descent
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The apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the settlement with BCCI. This provides relief to US lender Glas Trust Co. LLC, the trustee for lenders owed $1.2 billion, which had opposed the settlement and a halt to insolvency proceedings.

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