SC stays NCLAT order approving Byju’s settlement of dues with BCCI

In a major setback to an embattled Byju’s, the Supreme Court on Wednesday stayed the order of National Company Law Appellate Tribunal (NCLAT) allowing the edtech company’s Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI).

“We are staying the judgement (of NCLAT). This is unconscionable,” observed the bench which comprised Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra.