Wednesday, 4 September, 2024
NCLT Rejects US Lenders' Plea in BYJU’s Insolvency Case, CoC Proceedings to Continue
The National Company Law Tribunal (NCLT) has dismissed the plea by US lenders to halt the Committee of Creditors (CoC) proceedings in BYJU’s insolvency case. The ruling allows the CoC to continue its deliberations, impacting the future course of the company's financial restructuring. This decision marks a critical moment in BYJU’s ongoing financial challenges, as stakeholders seek to resolve the company’s debt issues.
Read full story at Economic Times