Decide on BCCI-Byju’s settlement in a week, NCLAT directs tribunal

The National Company Law Appellate Tribunal (NCLAT) on Friday directed the National Company Law Tribunal (NCLT) to decide on the settlement between Byju’s and the Board of Control for Cricket in India (BCCI) in seven days.

The Supreme Court had in October last year set aside the ~158 crore settlement reached between BCCI and the embattled edtech firm. The apex court nixed a NCLAT order which had upheld this settlement, as the amount was being paid by Riju Ravindran from his tax-paid own sources.