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Wednesday, October 1, 2025
TopicNCLT

Topic: NCLT

Byju’s insolvency saga: Founder Raveendran’s charges against EY India in bombshell LinkedIn post

Charges by Raveendran who broke his silence follow post by EY India whistleblower. Amid insolvency proceedings, Byju’s founder said he ‘sold his house, mortgaged family’s future’.

‘NCLT, NCLAT must ensure timely resolution, not be mere rubber stamp authority’: SC in Jet Airways ruling

A 3-judge bench, led by CJI, slammed the 2 bodies’ ‘growing tendency’ to disregard SC’s orders, besides political appointments & lack of infra, while also highlighting shortcomings of the IBC.

Jagan Mohan Reddy moves NCLT accusing his sister Sharmila of ‘illegally’ transferring shares

He intended to transfer the shares (Jagan’s own property), in addition to Rs 200 crore he, directly or through their mother, gave to his sister during the past decade.

A paradise lost: How Lavasa fell from grace, leaving homebuyers & creditors in the lurch

NCLT on 6 September scrapped DPIL’s resolution plan for Lavasa and ordered fresh insolvency proceedings. DPIL blamed ‘a few corrupted homebuyers’ and ‘political pressure on banks’.

What’s going on with Byju’s bankruptcy process? Creditors must secure claims, protect interests

Creditors must adhere to the prescribed timelines to recover their dues. Failure to do so could result in losing any potential payouts from the resolution plan or the liquidation process.

Why BCCI filed insolvency plea against Byju’s parent company & what happens to ed-tech firm now

NCLT has admitted BCCI’s insolvency plea against Byju’s over Rs 158 cr of allegedly unpaid dues from sponsorship deal. ThePrint explains what it means for ed-tech firm.

NCLT admits BJYU’s to insolvency resolution process after BCCI plea

NCLT said 'it cannot be disputed' that the parent of Byju's, Think & Learn Private Limited, had availed itself of the services of BCCI and had defaulted on roughly Rs 1.59 billion.

Zee says it is free to go to NCLT to enforce Sony merger deal

Sony scrapped the merger on 22 Jan, ending a deal that could have created one of India's biggest TV broadcasters, claiming breaches of contract.

India needs a law allowing lessors to repossess aircraft leased by defaulting airlines, says Boeing

Aviation giant's comments come at a time when Go Air, which filed for insolvency, has been provided protection against actions by lenders & lessors, raising concerns.

On Camera

UNGA was Nepal’s missed opportunity. It can’t ignore foreign policy during domestic turmoil

The decision not to send PM Sushila Karki or a high-level delegation to the UNGA reflects how foreign policy often receives the least attention in Nepal.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

Maharashtra Police places order for US-made sniper rifles even as MHA recommends ‘Make in India’

New Delhi: The Maharashtra Police placed an order last week for 15 US-made Barrett Multi-role Adaptive Design (MRAD) sniper rifles and related accessories worth...

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.