Don’t hold lenders’ meet till verdict is out: Supreme Court to Byju’s IRP

The Supreme Court on Thursday directed the beleaguered ed-tech firm Byju’s interim resolution professional (IRP) to maintain status quo and not hold any meetings of the Committee of Creditors until the verdict on a plea by a US-based lender challenging the National company Law Appellate Tribunal’s (NCLAT) decision to halt insolvency proceedings against Byju’s parent company Think and Learn Private Limited is out.