BCCI to withdraw insolvency proceedings against Byju’s at National Company Law Tribunal

The Board of Control for Cricket in India (BCCI) has sought the withdrawal of its insolvency proceedings against Byju’s at the National Company Law Tribunal (NCLT).

The latest move by the cricket body comes after a ruling by the Supreme Court in October that had set aside the National Company Law Appellate Tribunal’s (NCLAT) verdict quashing insolvency proceedings against the edtech firm.