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SC to hear plea related to insolvency proceedings against Byju's on Sept 17

Business Standard LogoBusiness Standard9h ago

SC to hear plea related to insolvency proceedings against Byju's on Sept 17 - Business Standard

Quick Summary:

The Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approved its Rs 158.9 crore dues settlement with the BCCI.

A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case.

The plea was mentioned by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest.


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Category: BusinessFinance

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-09-11 @ 11:34:26 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22455871

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