BYJU’S Insolvency Case: SC To Hear Glas Trust’s Plea On Sept 17

BYJU’S Insolvency Case: SC To Hear Glas Trust’s Plea On Sept 17

SUMMARY

A bench led by Chief Justice D Y Chandrachud, along with Justices J B Pardiwala and Manoj Misra, agreed to expedite the hearing following requests from multiple lawyers

The plea regarding insolvency proceedings against BYJU's was brought up by senior advocate N.K. Kaul

The Supreme Court last month overturned the NCLAT’s ruling that quashed the bankruptcy proceedings against BYJU’S and approved an INR 158.9 Cr settlement

The Supreme Court today (September 11) said that it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a ruling by National Company Law Appellate Tribunal (NCLAT) that had stayed the insolvency proceedings against embattled edtech giant BYJU’S.

A bench led by Chief Justice D Y Chandrachud, along with Justices J B Pardiwala and Manoj Misra, agreed to expedite the hearing following requests from multiple lawyers citing new developments in the case, news agency PTI reported.

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