Byju’s moves fresh plea before HC for stay on insolvency proceedings

Edtech firm Byju’s moved the Karnataka High Court on Thursday seeking a stay on the insolvency proceedings triggered by the National Company Law Tribunal (NCLT) in Bengaluru.

Byju’s has urged the Court to stay the insolvency resolution process as well as the formation of the Committee of Creditors (CoC) until its appeal pending before the National Company Law Appellate Tribunal (NCLAT) is heard and decided finally, according to the law platform Bar & Bench.