{"id":847177,"date":"2024-08-23T08:31:30","date_gmt":"2024-08-23T03:01:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=847177"},"modified":"2024-08-23T09:00:53","modified_gmt":"2024-08-23T03:30:53","slug":"sc-refuses-to-halt-operations-of-coc-in-edtech-major-byjus-insolvency-case","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/23\/sc-refuses-to-halt-operations-of-coc-in-edtech-major-byjus-insolvency-case\/","title":{"rendered":"SC refuses to halt operations of CoC in edtech major Byju&#8217;s insolvency case"},"content":{"rendered":"<p>The Supreme Court on Thursday refused to stay the operations of the Committee of Creditors (CoC) formed in the insolvency resolution process against ed-tech company Byju&#8217;s. <\/p>\n<p>A Committee of Creditors (CoC) is a group of people who represent a company&#8217;s creditors during a bankruptcy proceeding or insolvency process. <\/p>\n<p>The apex court had on August 14 revived the insolvency process against Byju&#8217;s. It had stayed the August 2 order of the National Company Law Appellate Tribunal (NCLAT) allowing the ed-tech company&#8217;s approximately Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Thursday refused to stay the operations of the Committee of Creditors (CoC) formed in the insolvency resolution process against ed-tech company Byju&#8217;s. A Committee of Creditors (CoC) is a group of people who represent a company&#8217;s creditors during a bankruptcy proceeding or insolvency process. The apex court had on August 14 revived the insolvency process against Byju&#8217;s. It had stayed the August 2 order of the National Company Law Appellate Tribunal (NCLAT) allowing the ed-tech company&#8217;s approximately Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI).<\/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":[9,34,4],"tags":[],"class_list":["post-847177","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847177","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=847177"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847177\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=847177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=847177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=847177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}