Blow for BCCI as Supreme Court rejects Byju’s settlement, pushes way for insolvency ...Middle East

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The Supreme Court of India has dealt a significant blow to Byju’s and its creditors, including the Board of Control for Cricket in India (BCCI), by rejecting a settlement that could have allowed the embattled edtech company to avoid insolvency as per Bloomberg. The ruling pushes Byju’s closer to a full-fledged insolvency process, marking a low point in the company’s high-profile journey from a celebrated startup to a firm on the brink of collapse. Setback for Byju’s and Byju Raveendran The Supreme Court’s decision to strike down a tribunal order is a major setback for Byju Raveendran, the founder of Byju’s, who had been fighting to regain control of his company. Byju’s, once value

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