Insolvency

General Atlantic, Prosus ask SC to hear their concerns in Byju's insolvency

Once a darling of global investors, valued at $22 billion in 2022, Byju's became popular by offering online training courses during the Covid-19 pandemic, but is now locked in a dispute with US lenders seeking $1 billion in unpaid dues - a case that has triggered its insolvency.

27 August 2024, 11:07 IST

General Atlantic, Prosus ask SC to hear their concerns in Byju's insolvency

27 August 2024, 11:07 IST

Byju's insolvency case fans fears of employees

22 August 2024, 09:26 IST

Byju's insolvency case fans fears of employees

22 August 2024, 09:26 IST

SC stays NCLAT order approving Byju's Rs 158.9 crore settlement dues with BCCI

Acting on a plea by US-based creditor Glas Trust Company LLC against the NCLAT verdict, a bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra directed the BCCI to keep Rs 158.9 crore received by it from Byju's in an escrow account, until further directions.

14 August 2024, 08:54 IST

SC stays NCLAT order approving Byju's Rs 158.9 crore settlement dues with BCCI

14 August 2024, 08:54 IST

BYJU's knocks at NCLAT door against insolvency order; seeks urgent hearing

According to sources, BYJU's on Thursday moved the appellate tribunal, NCLAT, contesting the recent order of NCLT's Bengaluru bench that had admitted the cricket board's plea to start insolvency proceedings against the parent company Think and Learn, after the edtech firm failed to pay Rs 158.9 crore dues.

18 July 2024, 14:12 IST

BYJU's knocks at NCLAT door against insolvency order; seeks urgent hearing

18 July 2024, 14:12 IST

Byju's to appeal insolvency proceedings: Sources

The National Company Law Tribunal in the southern state of Karnataka on Tuesday ordered insolvency proceedings against the company after a complaint by the cricket board for not paying Rs 158 crore ($19 million) in dues. A court-appointed professional is currently running the company.

17 July 2024, 06:17 IST

Byju's to appeal insolvency proceedings: Sources

17 July 2024, 06:17 IST

Explained | What’s keeping the Go First insolvency saga boiling?

NCLT admitted Go First’s insolvency plea last year on May 10. But more than a year later, the case is still nowhere near resolution.

16 June 2024, 16:08 IST

Explained | What’s keeping the Go First insolvency saga boiling?

16 June 2024, 16:08 IST

NCLT initiates insolvency against Himalayan Mineral Water

The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm's Corporate Insolvency Resolution Process (CIRP).

09 June 2024, 09:54 IST

NCLT initiates insolvency against Himalayan Mineral Water

09 June 2024, 09:54 IST

Go First's lenders to seek extension of insolvency process by 60 days - sources

Lenders to India's Go First are looking to seek an extension of the insolvency process by another 60 days.

31 January 2024, 18:01 IST

Go First's lenders to seek extension of insolvency process by 60 days - sources

31 January 2024, 18:01 IST

Byju’s terms lenders’ insolvency proceedings against it as baseless

The Bengaluru-based edtech unicorn, once India’s most valued, also alleged the lenders have timed the proceedings to coincide with a rights issue its parents company Think and Learn is planning.

26 January 2024, 01:35 IST

Byju’s terms lenders’ insolvency proceedings against it as baseless

26 January 2024, 01:35 IST

Resolutions under insolvency law likely to touch 300 this year: IBBI chief

Creditors have recovered around Rs 3 lakh crore through the Insolvency and Bankruptcy Code (IBC) and the recoveries stood at more than Rs 51,000 crore last year, when the number of resolutions rose 80 per cent to 180.

01 October 2023, 09:26 IST

Resolutions under insolvency law likely to touch 300 this year: IBBI chief

01 October 2023, 09:26 IST