NEW DELHI: National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BCCI and Byju’s board member Riju Raveendran, rejecting their request to withdraw insolvency proceedings and allow a settlement between debt-ridden edtech firm and the cricket board.The appellants had challenged the February 10, 2025 order by the Bengaluru bench of the National…
Byju’s founder and CEO, Byju Raveendran, reiterated his claims of collusion in the company’s insolvency proceedings, stating that new evidence submitted to court proves that EY India acted on behalf of GLAS Trust in what he calls a “massive fraud.” In an exclusive interview with TOI, Raveendran said the whistleblower documents circulating online contain the…
NEW DELHI: The National Company Law Tribunal has directed to initiate insolvency proceedings against realty firm Raheja Developers on a petition filed by flat allottees of its Gurgaon-based Shilas project. The NCLT said Raheja Developers has a “debt due and default” against the flat allottees, who had made their payments and delivery of the units…