SC Overturns Tribunal Order On Byju’s-BCCI ₹158 Crore Settlement

The Supreme Court has annulled the National Company Law Appellate Tribunal’s ruling that halted insolvency proceedings against Byju’s. It also reversed NCLAT’s approval of a ₹158.9 crore settlement with the BCCI, instructing the cricket board to deposit the amount with creditors. The decision followed an appeal from Glas Trust Company, highlighting concerns over NCLAT’s previous judgment.