Supreme Court revives insolvency proceedings against edtech major Byju’s

The Supreme Court on Wednesday stayed till “further orders” the August 2 order of the National Company Law Tribunal (NCLAT) by which the latter had set aside the insolvency proceedings against beleaguered education major Byju’s following the reported settlement of ₹158.9 cr dues owed by it with the Board of Control for Cricket in India (BCCI).