SC refuses to halt operations of CoC in edtech major Byju's insolvency case

Quick Summary:

A Committee of Creditors (CoC) is a group of people who represent a company's creditors during a bankruptcy proceeding or insolvency process.

Byju's counsel had told the apex court that 98% of the CoC are representatives of Glas Trust Company.

The missing money is at the heart of a fight between the US lenders and Byju's parent company, Think & Learn.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Edtech firms NCLT Byju's insolvency Byju Raveendran CoC Supreme Court Byju's

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 19:19:06 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 22209661

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