{"id":840854,"date":"2024-08-03T10:14:32","date_gmt":"2024-08-03T04:44:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840854"},"modified":"2024-08-03T10:55:24","modified_gmt":"2024-08-03T05:25:24","slug":"nclat-sets-aside-insolvency-plea-against-byjus-approves-edtech-firms-settlement-with-bcci","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/03\/nclat-sets-aside-insolvency-plea-against-byjus-approves-edtech-firms-settlement-with-bcci\/","title":{"rendered":"NCLAT sets aside insolvency plea against Byju\u2019s; approves edtech firm\u2019s settlement with BCCI"},"content":{"rendered":"<p>In a major relief for edtech firm Byju\u2019s, the National Company Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings against it over a sponsorship deal, and approved a Rs 158 crore settlement with the Board of Control for Cricket in India (BCCI).<\/p>\n<p>The NCLAT, however, passed the order with a caveat that any failure to make payments on the specific dates mentioned in the undertaking would automatically lead to a revival of the insolvency proceedings against Byju\u2019s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major relief for edtech firm Byju\u2019s, the National Company Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings against it over a sponsorship deal, and approved a Rs 158 crore settlement with the Board of Control for Cricket in India (BCCI). The NCLAT, however, passed the order with a caveat that any failure to make payments on the specific dates mentioned in the undertaking would automatically lead to a revival of the insolvency proceedings against Byju\u2019s.<\/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-840854","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\/840854","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=840854"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840854\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}