Byju’s-BCCI settlement: SC sets aside NCLAT order on Rs 158-crore dispute

In a major setback to edutech firm Byju’s, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal (NCLT) order that approved a Rs 158 crore settlement between debt-ridden Think & Learn Pvt Ltd, the parent of online educational services company Byju’s and the Board of Control for Cricket in India (BCCI), an operational creditor.