The National Company Law Appellate Tribunal (NCLAT) in Chennai rejected appeals filed by Riju Raveendran and the Board of Control for Cricket in India (BCCI) against a National Company Law Tribunal (NCLT) Bengaluru order.
The NCLT order mandated the BCCI to withdraw its insolvency petition against Byju's and submit a settlement proposal to the Committee of Creditors (CoC) of Byju's parent company.
The National Company Law Appellate Tribunal (NCLAT) at Chennai on Thursday dismissed appeals by Riju Raveendran and the Board of Control for Cricket in India (BCCI) challenging an NCLT Bengaluru order that directed BCCI to withdraw its insolvency plea against Byju’s and place its settlement proposal before the Committee of Creditors (CoC) of the edtech entity's parent company.
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