Reliance Infrastructure Ltd. (RInfra) on Wednesday (June 4, 2025) mentioned Nationwide Firm Regulation Appellate Tribunal (NCLAT) has suspended the insolvency proceedings ordered towards the corporate. “The NCLAT in New Delhi at the moment suspended the Nationwide Firm Regulation Tribunal’s (NCLT) Might 30 order, admitting the corporate into the company insolvency decision course of (CIRP),” the corporate…
BENGALURU: The Nationwide Firm Legislation Appellate Tribunaldismissed makes an attempt by Byju’s founder Byju Reveendran’s brother Riju Ravindran and cricket physique BCCI to withdraw insolvency proceedings towards the edtech agency with out creditor approval.This choice reinforces the authority of the committee of collectors (CoC) in thecorporate insolvency case.NCLAT upheld an earlier choice by the Bengaluru…
A file picture is used for representational function solely. | Picture Credit score: Reuters The Nationwide Firm Regulation Appellate Tribunal (NCLAT) has put aside the appeals filed by BCCI and Riju Raveendran in search of withdrawal of insolvency proceedings in opposition to Byju’s and contemplate the settlement between the debt-ridden edtech agency and the apex…
