{"id":869483,"date":"2024-10-24T07:35:26","date_gmt":"2024-10-24T02:05:26","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=869483"},"modified":"2024-10-24T07:38:00","modified_gmt":"2024-10-24T02:08:00","slug":"supreme-court-sets-aside-nclat-order-halting-byjus-insolvency-proceedings","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/24\/supreme-court-sets-aside-nclat-order-halting-byjus-insolvency-proceedings\/","title":{"rendered":"Supreme Court sets aside NCLAT order halting Byju&#8217;s insolvency proceedings"},"content":{"rendered":"<p>The Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal (NCLAT) order halting the insolvency proceedings against edtech firm Byju\u2019s on a petition filed by US-based creditor firm Glas Trust Company LLC \u2014 which represents lenders to which Byju\u2019s owes $1.2 billion. <\/p>\n<p>This order has sent cash-strapped Byju\u2019s back to the corridors of the National Company Law Tribunal (NCLT), where it will once again face the insolvency proceedings that had kicked off on a plea filed by the Board of Control for Cricket in India (BCCI).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal (NCLAT) order halting the insolvency proceedings against edtech firm Byju\u2019s on a petition filed by US-based creditor firm Glas Trust Company LLC \u2014 which represents lenders to which Byju\u2019s owes $1.2 billion. This order has sent cash-strapped Byju\u2019s back to the corridors of the National Company Law Tribunal (NCLT), where it will once again face the insolvency proceedings that had kicked off on a plea filed by 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-869483","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\/869483","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=869483"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869483\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=869483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=869483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=869483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}