NCLT must take RP’s decision into account: Edtech firm Byju’s to NCLAT

The National Company Law Tribunal (NCLT) must always take a look at a resolution professional’s decision and approve or disapprove of the same, the counsel appearing for Byju’s told the National Company Law Appellate Tribunal (NCLAT) on Monday.

During the hearing on Monday, Riju Raveendran’s attorney told the appellate tribunal that Raveendran had paid ₹158 crore from his own funds to settle the dispute with the Board of Control for Cricket in India (BCCI) and therefore the money should be kept outside the scrutiny of its committee of lenders.