Insolvency Plea: NCLAT to check if BCCI, BYJU's settlement predates forming of lenders panel
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Insolvency Plea

NCLAT to check if BCCI, BYJU's settlement predates forming of lenders panel

The Chennai bench of the National Company Law Appellate Tribunal will decide whether the settlement between Think & Learn Pvt. Ltd., parent of online educational services company BYJU's, and its operational creditor the Board of Control for Cricket in India was arrived at before the committee of creditors of Think & Learn was set up. The appellate tribunal was hearing an appeal from Riju Raveendran, suspended director of Think & Learn, against an order of the Bengaluru bench of the National Company Law Tribunal directing that the settlement be placed before the committee of creditors for approval.

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