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BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings

Business Standard LogoBusiness Standard1d ago

BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings - Business Standard

Quick Summary:

I’m not concerned about the outcome of the court order.

US lenders of Byju's have reportedly sought the removal of the IRP appointed to Byju's and are also demanding that the Committee of Creditors be reconstituted.

The court also clarified that any application for withdrawal must be made through the Interim Resolution Professional (IRP), not directly by the parties involved.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 19:47:16 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23555021

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 341 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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