Supreme Court rejects BCCI and Riju Raveendran’s challenge to NCLAT ruling on Byju’s insolvency case. KK Venugopal slams the dismissal mid-argument as “arbitrary.”
Today, On 6th September, The Supreme Court agreed to hear a plea about insolvency proceedings against ed-tech company Byju’s. This case involves the company’s financial challenges and its settlement of dues with the BCCI. Both parties are seeking an expedited hearing, and the court has stayed a previous NCLAT judgment concerning the case. The case revolves around a sponsorship agreement default with the BCCI.
