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
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Informative
NCLAT Chennai accepts Byju's settlement with BCCI, halts insolvency process
Update / Judgement Date
02 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The NCLAT Chennai approved Byju’s settlement with BCCI, halting the insolvency process against the company. The settlement resolves financial disputes and allows Byju’s to avoid insolvency proceedings. This decision highlights the role of legal frameworks in facilitating corporate settlements and maintaining business operations.
