Supreme Court Stays NCLAT Order Closing Insolvency Process Against Byju's, Asks BCCI To Deposit Rs.158 Crores In Separate Escrow Account

The Supreme Court stayed an order by the National Company Law Appellate Tribunal (NCLAT) that closed the insolvency process against Byju’s. The court also directed the Board of Control for Cricket in India (BCCI) to deposit Rs. 158 crores in a separate escrow account related to a dispute involving the company. This development is part of ongoing legal proceedings concerning Byju’s financial obligations and its broader insolvency case, reflecting the complexities involved in high-profile corporate disputes.