Byju's Insolvency : Supreme Court Issues Notice On Riju Ravindran's Plea Against NCLAT Mandating CoC Nod For CIRP Withdrawal

The Supreme Court is currently hearing an appeal against the National Company Law Appellate Tribunal's (NCLAT) judgment in the Byju's insolvency case. This appeal is anticipated to set important precedents for startup insolvencies and investor rights in India. The outcome of this case will have significant implications for how distressed tech companies are handled under the IBC, particularly concerning the interplay between investor rights, operational creditors, and the overall resolution framework. The Supreme Court's decision will likely provide much-needed clarity on various complex aspects of insolvency law pertaining to new-age businesses.