NCLT given a week to decide on BCCI’s plea to withdraw insolvency case against Byju’s

Appellate tribunal NCLAT has directed NCLT to decide within a week over BCCI’s plea for settlement and withdrawal of insolvency matter against ed-tech firm Byju’s.

A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain on Friday directed the National Company Law Tribunal (NCLT) while disposing of the plea filed by Riju Raveendran against the previous order of the tribunal to reinstate Glas Trust and Aditya Birla Finance into the Committee of Creditors (CoC) of Byju’s.