{"id":846465,"date":"2024-08-21T10:17:22","date_gmt":"2024-08-21T04:47:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846465"},"modified":"2024-08-21T10:25:42","modified_gmt":"2024-08-21T04:55:42","slug":"supreme-court-declines-byjus-plea-to-block-formation-of-creditors-committee","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/21\/supreme-court-declines-byjus-plea-to-block-formation-of-creditors-committee\/","title":{"rendered":"Supreme Court declines Byju\u2019s plea to block formation of creditors\u2019 committee"},"content":{"rendered":"<p>New Delhi: The Supreme Court on Tuesday declined a plea by Byju&#8217;s to prevent the resolution professional of the bankrupt edtech company from constituting a committee of creditors till the top court decides on the case.<\/p>\n<p>A primary responsibility of the resolution professional was to collate information on the entire dues that Byju\u2019s owed to all its stakeholders and create a committee of creditors. The management of the company would then, in theory, be passed on to the creditors.<\/p>\n<p>The apex court on Tuesday denied the interim relief sought by Byju&#8217;s, it has agreed to hear the case in detail on 22 August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Supreme Court on Tuesday declined a plea by Byju&#8217;s to prevent the resolution professional of the bankrupt edtech company from constituting a committee of creditors till the top court decides on the case. A primary responsibility of the resolution professional was to collate information on the entire dues that Byju\u2019s owed to all its stakeholders and create a committee of creditors. The management of the company would then, in theory, be passed on to the creditors. The apex court on Tuesday denied the interim relief sought by Byju&#8217;s, it has agreed to hear the case in detail [&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":[55,13,4],"tags":[],"class_list":["post-846465","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846465","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=846465"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846465\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}