SC admits Byju’s promoters’ pleas, next insolvency hearing on July 21

In a significant development in the ongoing insolvency proceedings involving edtech company Think & Learn Pvt Ltd (Byju’s), the Supreme Court today admitted the cases filed by the promoters of Byju’s.

The promoters’ lawyers challenged the decision by the National Company Law Appellate Tribunal (NCLAT) Chennai Bench that denied withdrawal of insolvency proceedings initiated by the Board of Control for Cricket in India (BCCI), despite a full and final settlement of dues prior to the constitution of the Committee of Creditors (CoC).