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BYJU’S Insolvency: NCLAT Quashes Plea To Block CoC From Reviewing BCCI...

Update / Judgement Date

20 Feb 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The NCLAT quashed a plea to block the Committee of Creditors (CoC) from reviewing BYJU'S BCCI (Board of Control for Cricket in India) application, concerning insolvency. This ruling clarifies the powers of the CoC in insolvency proceedings and ensures that they can consider all relevant applications. This decision provides clarity on the process and protects the interests of stakeholders.