SC refuses to pass interim order to stop setting up of CoC in insolvency proceedings against Byju’s

For now, the Supreme Court on Tuesday refused to restrain the Interm resolution professional (IRP) of debt-ridden Think & Learn Pvt Ltd, the parent of online educational services company Byju’s, from constituting a committee of creditors (CoC).

A bench led by Chief Justice DY Chandrachud agreed to hear the case in detail on Thursday, including the bankrupt edtech company’s request to stall the formation of CoC.