Raveendran moves NCLAT challenging decision to reinstate 2 Byju's lenders

Quick Summary:

Riju, who is the brother of founder Byju Raveendran, has challenged a January 29 order of the National Company Law Tribunal (NCLT).

In October last year, the apex court set aside the NCLAT order halting the insolvency proceedings against Byju’s.

Both Glas Trust and Aditya Birla Finance were part of the CoC in August last year but were later removed from the reconstituted CoC.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Byju's lenders Byju Raveendran Byju's Glas Trust NCLAT Aditya Birla Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 20:51:46 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 25910776

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