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Informative

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

Update / Judgement Date

10 Feb 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The NCLAT ordered the NCLT to decide on BCCI's plea for settlement and withdrawal of CIRP against Byju's within one week. This directive emphasizes the need for timely resolution of insolvency cases. The NCLAT's order aims to expedite the CIRP process and facilitate a potential settlement between the parties. It highlights the importance of efficient mechanisms for resolving corporate insolvency disputes.