SC reverses NCLAT order that approved Byju’s Rs 158.9 crore dues settlement with BCCI
The Supreme Court has overturned the NCLAT’s decision approving Byju’s Rs 158.9 crore settlement with BCCI. It instructed BCCI to deposit the funds with the creditors’ committee and ruled that NCLAT’s halt on insolvency proceedings was improperly issued without sufficient deliberation.