Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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BYJU’S CoC Proposes Shailendra Ajmera As New Insolvency Resolution Professional...
Corporate Law & GovernanceInsolvency & Bankruptcy Code
Byju's Committee of Creditors (CoC) has proposed Shailendra Ajmera as the new Insolvency Resolution Professional (IRP). This appointment is part of the ongoing insolvency proceedings against Byju's. The IRP will oversee the resolution process and manage the company's affairs during this period. The selection of Ajmera suggests the CoC's confidence in his ability to lead the restructuring efforts. The insolvency proceedings highlight the challenges faced by Byju's and the complexities of the edtech market.
