{"id":843144,"date":"2024-08-09T10:14:09","date_gmt":"2024-08-09T04:44:09","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=843144"},"modified":"2024-08-09T10:22:53","modified_gmt":"2024-08-09T04:52:53","slug":"us-court-rejects-glas-application-for-temporary-restraining-bcci-settlement-byjus-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/09\/us-court-rejects-glas-application-for-temporary-restraining-bcci-settlement-byjus-2\/","title":{"rendered":"US court rejects GLAS&#8217; application for temporary restraining BCCI settlement: BYJU&#8217;S"},"content":{"rendered":"<p>New Delhi: A US court has rejected GLAS Trust Company&#8217;s application for a temporary restraining order aimed at blocking the Board of Control for Cricket in India (BCCI) settlement, edtech firm BYJU&#8217;S said on Thursday.<\/p>\n<p>Early this month, insolvency appellate tribunal NCLAT had approved a Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against BYJU&#8217;S.<\/p>\n<p>Think and Learn, which owns BYJU&#8217;S brand, said it welcomes the decision of the Delaware Bankruptcy Court to reject attempts by GLAS (purporting to represent the foreign lender consortium) to impede the company&#8217;s ongoing turnaround efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: A US court has rejected GLAS Trust Company&#8217;s application for a temporary restraining order aimed at blocking the Board of Control for Cricket in India (BCCI) settlement, edtech firm BYJU&#8217;S said on Thursday. Early this month, insolvency appellate tribunal NCLAT had approved a Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against BYJU&#8217;S. Think and Learn, which owns BYJU&#8217;S brand, said it welcomes the decision of the Delaware Bankruptcy Court to reject attempts by GLAS (purporting to represent the foreign lender consortium) to impede the company&#8217;s ongoing turnaround efforts.<\/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":[20,44,4],"tags":[],"class_list":["post-843144","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-it-2-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843144","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=843144"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843144\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=843144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=843144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=843144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}