Setback to Byju, SC reverses NCLAT order closing insolvency proceedings

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In a setback to ed-tech company Byju, the Supreme Court on Wednesday set aside the decision of the National Company Law Appellate Tribunal (NCLAT) closing the insolvency proceedings against ed-tech company Byju’s by accepting a settlement between it and the Board of Control for Cricket in India (BCCI) for about Rs 158 crores.

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Setback to Byju, SC reverses NCLAT order closing insolvency proceedings

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