The Supreme Court of India has accepted the appeal by BYJU’S promoters against the NCLAT’s refusal to withdraw insolvency proceedings linked to a Rs. 158 crore settlement with BCCI. Notices have been issued to relevant parties, with the next hearing scheduled for July 21, where interim relief may be considered.
The Delhi High Court ruled that property seized under the Prevention of Money-Laundering Act must be returned within 365 days if no prosecution complaint is filed. This reinforces the balance between law enforcement and individual rights. The decision reflects a cautious approach towards the exercise of power by enforcement agencies, emphasizing respect for the rule of law.
