SC reverses NCLAT order approving Byju’s Rs 158 cr dues settlement with BCCI

The Supreme Court has overturned the NCLAT’s decision approving Byju’s Rs 158.9 crore settlement with BCCI. It instructed BCCI to deposit the funds with the creditors’ committee and ruled that NCLAT’s halt on insolvency proceedings was improperly issued without sufficient deliberation.