{"id":833860,"date":"2024-07-18T10:22:47","date_gmt":"2024-07-18T04:52:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833860"},"modified":"2024-07-18T10:30:11","modified_gmt":"2024-07-18T05:00:11","slug":"raveendran-loses-interim-control-of-byjus-as-nclt-initiates-insolvency-proceedings","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/raveendran-loses-interim-control-of-byjus-as-nclt-initiates-insolvency-proceedings\/","title":{"rendered":"Raveendran loses interim control of Byju\u2019s as NCLT initiates insolvency proceedings"},"content":{"rendered":"<p>The Bengaluru-bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Think and Learn Pvt Ltd, the parent company of Byju\u2019s, following a petition by the Board of Control for Cricket in India (BCCI). The tribunal has appointed Pankaj Srivastava as the interim resolution professional (IRP) to oversee the company\u2019s operations until the formation of a Committee of Creditors (CoC).<\/p>\n<p>The NCLT order stated, \u201cThe Interim Resolution Professional shall after collation of all the claims received against Think and Learn Pvt Ltd the Corporate Debtor and the determination of the financial position of the Corporate Debtor constitute a Committee of Creditors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bengaluru-bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Think and Learn Pvt Ltd, the parent company of Byju\u2019s, following a petition by the Board of Control for Cricket in India (BCCI). The tribunal has appointed Pankaj Srivastava as the interim resolution professional (IRP) to oversee the company\u2019s operations until the formation of a Committee of Creditors (CoC). The NCLT order stated, \u201cThe Interim Resolution Professional shall after collation of all the claims received against Think and Learn Pvt Ltd the Corporate Debtor and the determination of the financial position of the Corporate Debtor constitute a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-833860","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=833860"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833860\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}