![[Byju's Insolvency Case] Resolution Professional (RP) Are Creating 'Chaos': Creditor To NCLT](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-44.png?resize=447%2C367&ssl=1)
The NCLAT Chennai expected to announce its decision on Byju Raveendran’s appeal against insolvency proceedings on August 2. This ruling will impact the disputed Rs.158 crore settlement between Raveendran and the BCCI. The case revolves around the initiation of insolvency proceedings against Byju’s parent company, and the source of funds used for the settlement is under scrutiny.
![[Money Laundering Case] Tribunal Quashes ED Attachment of Rs 180 Crore properties of NCP Leader Praful Patel](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/MicrosoftTeams-image-60.png?resize=447%2C367&ssl=1)
A Mumbai court quashed an Enforcement Directorate (ED) order to attach NCP leader Praful Patel’s properties worth over Rs 180 crore in a money laundering case linked to Iqbal Mirchi. The Appellate Tribunal deemed the action “illegal,” citing lack of evidence and stating that the properties were acquired legitimately. The CBI also found no wrongdoing by Patel.
