The Supreme Court has overturned a prior NCLAT decision that halted insolvency proceedings against Byju’s, criticising NCLAT for overstepping its authority. The court ruled that the insolvency resolution professional, not the corporate debtor, should handle withdrawal applications. Byju’s had defaulted on a Rs 158 crore sponsorship deal with the BCCI.
Related Posts
‘Insult’ to Ambedkar to be top agenda of special Cong’s Belagavi meet
In Belagavi, a special CWC meeting will address Union home minister Amit Shah’s alleged insult of Ambedkar, with a ‘Jai Bapu, Jai Bhim, Jai Samvidhan’ […]
In counter to Yunus’s remark, PM Modi says Northeast integral to Bimstec
PM Narendra Modi highlighted India’s Northeast as crucial for the Bimstec region during the summit in Thailand. There’s a planned bilateral meeting with Bangladesh’s Muhammad […]
Dussehra 2024: When is Vijayadashami? Know date and significance
Dussehra festival, falling on October 12, 2024, symbolizes the victory of good over evil, celebrated with great enthusiasm across India. It honors Lord Rama’s triumph […]