'No settlement without backing of Byju's creditors'

The National Company Law Appellate Tribunal (NCLAT) has dismissed attempts to halt insolvency proceedings against Byju's without creditor approval, reinforcing the authority of the Committee of Creditors (CoC). NCLAT upheld that any settlement proposal after CoC formation requires 90% creditor consent, as per the Insolvency and Bankruptcy Code.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hTk7mi0

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