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In its April 17 order, the NCLAT said the approval of the Committee of Creditors (CoC) was necessary for the application filed by the BCCI to withdraw the insolvency proceedings against Byju's.

Resolution Professional of TLPL had unsuccessfully opposed the rights issue before the NCLT, NCLAT and the Supreme Court.

While Raveendran and Byju’s deny any wrongdoing and insist the funds ultimately supported the Indian parent’s operations, the ruling adds fresh strain to an already severe financial and operational cr ...

The QIA, through its subsidiary Qatar Holding LLC, alleged that the funds were used to acquire 1,78,91,289 shares of Aakash Education Services Ltd., and there was an express restriction against transf ...

Once valued at $22 billion, the edtech firm has been facing many financial and legal challenges including lawsuits filed by term loan lenders.

A parent, speaking on condition of anonymity, expressed frustration, stating that the app had stopped working, and they were unable to access recorded lectures.