Karnataka HC defers Byju Raveendran’s plea hearing on insolvency proceedings to July 30

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Karnataka HC defers Byju Raveendran’s plea hearing on insolvency proceedings to July 30 - YourStory

Quick Summary:

On Thursday, Byju Raveendran filed a new writ petition with the Karnataka High Court, requesting that the NCLT order be suspended until the NCLAT has made a final decision on the appeal.

BCCI is pursuing a claim for a total outstanding amount of Rs 158.90 crore from BYJU’S, not including deducted taxes and applicable interest.

The NCLT bench has appointed Pankaj Srivastava as an interim resolution professional (IRP) to carry out the functions mentioned under the IBC.