SC issues notice to Byju's resolution professional, Glas Trust, Riju Ravindran
The Supreme Court on Thursday issued notices to Pankaj Srivastava, former interim resolution professional of
Think and Learn
, parent of embattled edtech Byju's, its suspended director Riju Ravindran, group representing the US lenders Glas Trust and current RP Shailendra Ajmera on two separate appeals filed by the Board of Control for Cricket in India (BCCI) and Ravindran.
BCCI and Ravindran have sought a withdrawal of the insolvency proceedings on the grounds that they have entered into a
settlement of Rs 158 crore
, saying this was done much before the constitution of committee of crediors (CoC).
The apex court has refused to restrain the RP from disposing of the assets, saying that this interim relief will be considered on the next date. Ravindran's counsel also sought a status quo on the CIRP proceedings.
by Taboola
by Taboola
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