Byju’s-BCCI settlement remains stalled; NCLT pauses buyer search
Byju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision on the matter. The settlement's approval or rejection will determine the continuation of insolvency proceedings. Founders have also challenged GLAS Trust's autho
The Bharath News1 min readSource: ET Jobs
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Byju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision on the matter. The settlement's approval or rejection will determine the continuation of insolvency proceedings. Founders have also challenged GLAS Trust's authority and claim size. The tribunal has paused the process of inviting buyers for Think & Learn.
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