Insolvency

Law Tribunal Judge Recuses from Hearing Byju’s Plea

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Byju's Founder Pledges Personal Residence Amidst Company Crisis

A judicial member of the National Company Law Appellate Tribunal (NCLAT), Chennai, on Monday recused himself from hearing a plea by Byju’s Founder Byju Raveendran against the insolvency petition against his company, Think & Learn Private Ltd. Justice Sharad Kumar Sharma, a judicial member of the Chennai bench of the NCLAT, recused himself stating that … Read more

Is Byju’s Going Under? Shocking Insolvency Proceedings Revealed

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Byju's Founder Pledges Personal Residence Amidst Company Crisis

Byju’s, India’s most valued start-up worth an estimated USD 22 billion, will face insolvency procedures after failing to pay ₹ 158.9 crore to cricket board BCCI. On Tuesday, the Bengaluru bench of the National Company Law Tribunal (NCLT) approved bankruptcy proceedings against the corporation and appointed an interim resolution specialist, suspending the company’s board of … Read more