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The Supreme Court reserved its verdict on a plea of a U.S. firm against the National Company Law Appellate Tribunal order stopping insolvency proceedings against ed-tech firm Byju's. https://t.co/teiav8SEXo
'You've Rs 15,000 Crore Due. Why Only Settle BCCI's Rs 158 Crore': #SupremeCourt To Byju's https://t.co/hLmMpWPbY1 https://t.co/3CJ1gyqtfd
"Without Apply Mind...": Supreme Court Questions Tribunal Order On Byju's-BCCI Settlement https://t.co/BTsEXAqFxT https://t.co/yKtOVWY60E
The Supreme Court of India has questioned Byju's, an ed-tech firm, on its decision to settle a payment of Rs 158 crore with the Board of Control for Cricket in India (BCCI) while leaving Rs 15,000 crore unpaid to other creditors. The court has reserved its verdict on a plea by a U.S. firm against the National Company Law Appellate Tribunal's order, which halted insolvency proceedings against Byju's. The tribunal's decision has come under scrutiny, with the Supreme Court questioning the rationale behind it, stating 'Without Apply Mind'.
