BCCI settlement: Supreme Court to hear Byju's insolvency appeals
has admitted two appeals in the ongoing insolvency proceedings of Think & Learn, the parent entity of Byju's. The appeals were filed by the company's promoters and cricket body BCCI.
Tired of too many ads? go ad free now
The apex court has scheduled the next hearing for July 21.
The cases stem from the insolvency application filed by the BCCI, which alleged unpaid dues from Byju's, a former Team India sponsor. However, both BCCI and Byju's claimed that a Rs 158-crore settlement was reached and executed before the constitution of the committee of creditors (CoC). The promoters are seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) based on this pre-CoC agreement.
Senior advocate KK Venugopal, appearing for the Byju's promoters, argued that the BCCI settlement was "fully agreed upon, paid, and formally communicated to the interim resolution professional well before the CoC was constituted." Supporting the plea, senior counsel Guru Krishna Kumar told the court that the company's US assets are at risk, alleging that the resolution professional withdrew American legal proceedings initiated by Think & Learn against its lenders.
The promoters' legal challenge comes after the NCLAT refused to allow the insolvency withdrawal, citing the formation of CoC.
The dispute adds a fresh layer to the legal troubles surrounding Byju's, which has been under intense scrutiny from regulators, creditors, and investors over the past year. The July 21 hearing could determine whether Byju's can exit the insolvency process based on the timing and validity of the BCCI settlement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
5 minutes ago
- First Post
Trump's Epstein headache: Frustrated but won't create ‘bigger spectacle by firing anyone,' report quotes aide
Despite applying numerous diversion tactics, the Epstein Files scandal continues to remain a persistent headache for US President Donald Trump, with reports suggesting that he is frustrated with his government's handling of the case read more As the Epstein scandal takes America by storm, reports are emerging that US President Donald Trump is increasingly frustrated with how his administration is handling the furore surrounding his ties with the convicted sex offender Jeffrey Epstein. Officials close to the matter told The Washington Post that the president is upset with how the scandal has overshadowed his agenda. However, two people familiar with the matter claimed that despite being upset with the team, Trump would not sack anyone, because a firing would act like fuel to the fire that Trump wants to die down. The president's exasperation follows weeks of missteps and no clear strategy among top officials who underestimated the outrage, especially from the president's base, and hoped the country would forget about the unreleased Epstein Files. STORY CONTINUES BELOW THIS AD 'This is a pretty substantial distraction,' one person close to the situation told The Washington Post. 'While many are trying to keep the unity, in many ways, the DOJ and the FBI are breaking at the seams. Many are wondering how sustainable this is going to be for all the parties involved — be it the FBI director or attorney general.' Trump is hesitant to say 'You're fired' Despite his frustration, officials said that Trump has been hesitant to make personnel changes. 'He does not want to create a bigger spectacle by firing anyone,' a person close to the president told the American news outlet. At the centre of the storm is US Attorney General . For months, the release of the Epstein Files was one of Bondi's signature agendas. However, during the July Fourth holiday weekend, Bondi, her top deputy and FBI leaders swiftly gave final approval to an unsigned memo about the Epstein files that ignited a whole new furore. The controversial memo argued that the Trump administration had found no evidence to dispute that Epstein died by suicide in jail in 2019 and said there was no 'client list' that would lead them to prosecute anyone else. Apart from this, the memo noted that no more documents would be released in the case in order to protect the privacy of the victims. The memo garnered backlash from both Democrats and Trump's Make America Great Again (MAGA) Movement supporters. Both sides started to demand more transparency while the White House struggled to respond. Since then, anonymous officials claim that Trump and Bondi have been discussing the matter 'almost every day'. 'They completely miscalculated the fever pitch to which they built this up,' Stephen A. Saltzburg, a former Justice Department official in the Reagan and George H.W. Bush administrations, told The Washington Post. 'Now, they seem to be in full-bore panic mode, trying to change the subject and flailing to make sense of what makes no sense," he added. STORY CONTINUES BELOW THIS AD The cracks within the Trump team White House soon went into a damage control mode with a steady series of announcements from the administration has failed to quiet the clamor, including the release of FBI records on the Rev. Martin Luther King Jr.'s assassination, a newly launched investigation into former FBI director James B. Comey and an substantive treason accusation against former president Barack Obama over the 2016 presidential election. However, none of it seemed to sway the public's attention from the Epstein files. 'We had the Greatest Six Months of any President in the History of our Country, and all the Fake News wants to talk about is the Jeffrey Epstein Hoax!' Trump vented on social media this month. Apart from this, cracks are propping up within the Trump administration. The Epstein scandal has left the DoJ and the FBI on opposing sides. FBI Deputy Director Dan Bongino even threatened to resign from his post. Not only this, Bondi accused Bongino of leaking information to the media around the handling of the Epstein files, three people familiar with the matter told The Washington Post. With disagreements within the team and the reports of Trump's name being mentioned in the files multiple times, the Epstein Files have become a recurring headache for the president.
NDTV
5 minutes ago
- NDTV
Did Donald Trump Cheat During Golf Game? Video From Scotland Sparks Row
Edinburgh: US President Donald Trump was in Scotland over the weekend, where he played golf at his Trump Turnberry golf course. But social media users soon got hold of a clip that appears to show the American leader cheating in the sport he claims to love-- the latest in a long line of cheating accusations against the 79-year-old on the golf course. A now-viral video, recorded during Trump's Saturday round, shows Trump arriving at a bunker in a cart. He is followed by a caddie in a red vest, who was purportedly seen tossing a ball into the light rough near a bunker, just short of the sand trap. The move seemed to improve the American president's lie before he exited his golf cart. Trump working hard to bring down grocery prices — PatriotTakes 🇺🇸 (@patriottakes) July 27, 2025 Trump reportedly played 18 holes with his son Eric and US Ambassador Warren Stephens at Turnberry during the trip that included trade talks with EU chief Ursula von der Leyen. The latest controversy adds to sports writer Rick Reilly's claim that "Trump is the worst cheat ever" on the golf course. The former Sports Illustrated columnist, who wrote the book titled "Commander in Cheat: How Golf Explains Trump", said in a 2019 interview that the Republican would "cheat you on the course and then buy you lunch." Reilly, who reportedly played the self-regulated sport with Trump, had called the President a habitual manipulator. "I always say golf is like bicycle shorts. It reveals a lot about a man. And golf reveals a lot of ugliness in this president," he said, according to a report by The Guardian. Neither the President nor the White House have issued any statement on the renewed 'cheating' allegations yet. The clip also divided social media users, with several accusing Trump of cheating while others joking about his focus on golf amid trade negotiations. "Trump caught cheating at golf, watch the second guy in the red vest toss a ball behind him," one X user wrote. "Watch his caddy drop the ball in a more favourable location for him. First, he cheated on his wife with children, and now he's cheating at golf. What low will he not stoop to?" another person wrote. "Trump working hard to bring down grocery prices," a third person quipped. The US President's fairness in the port he claims to love has long been questioned, with veterans like Mick Mulvaney noting his competitive edge. The Turnberry incident, while not conclusive proof of cheating, adds to scrutiny over his sportsmanship.
Indian Express
5 minutes ago
- Indian Express
French ministers say EU-US trade deal has merits but is also unbalanced
French government ministers said a framework trade deal between the United States and European Union had some merits – such as exemptions for some key French business sectors such as spirits – but was nevertheless unbalanced. 'The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced,' wrote French European Affairs Minister Benjamin Haddad on X. That view was echoed by France's industry minister Marc Ferracci, who said more talks – which could last weeks or months – would be needed before the deal could be formally concluded. Ferracci told RTL radio that more needed to be done in terms of rebalancing the EU's trade relations with the U.S. 'This is not the end of the story,' Ferracci told RTL.
