Supreme Court stays Byju’s Rs 159-crore settlement with BCCI

The Supreme Court stayed NCLAT’s order approving Byju’s payment of Rs 158.9 crore to BCCI, following solicitor general Tushar Mehta’s protests. BCCI was instructed to deposit the money in an escrow account. Senior advocate Shyam Divan highlighted that numerous claims were pending against Byju’s, signaling financial distress affirming the need to revisit insolvency proceedings.