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.