NCLAT Approves BYJU’S Settlement with BCCI, Sets Aside Insolvency Plea: Sunayana Basu Mallik Quoted in Deccan Herald Article

The National Company Law Appellate Tribunal (NCLAT) has approved a ₹158 crore settlement between BYJU’S and the Board of Control for Cricket in India (BCCI), effectively setting aside an insolvency plea against the leading edtech firm. This landmark decision marks a significant development in the ongoing legal proceedings involving BYJU’S.

In a recent article by Deccan Herald, Sunayana Basu Mallik provided key insights into the implications of this ruling. “This does not necessarily mean that BYJU’S is completely out of bankruptcy proceedings; it depends on their compliance with the conditions set forth by the NCLAT,” said Sunayana. Her statement highlights the ongoing responsibilities and compliance requirements that BYJU’S must adhere to following the tribunal’s decision.

Read full coverage: https://www.deccanherald.com/business/nclat-approves-rs-158-crore-settlement-between-bcci-and-byjus-3134430