Archive · 30 May 2025
Supreme Court Hears Byju's Insolvency Appeals on July 21
Byju's, an education company, is in legal trouble.
The Supreme Court is now looking at the situation.
The court is hearing appeals about whether the company is bankrupt.
The BCCI (cricket board) says Byju's owes them money.
But Byju’s says they already settled the debt before the bankruptcy process started.
The owners of Byju’s want to stop the bankruptcy because of the agreement.
The court will decide if the settlement is valid.
The next time the court will discuss it is on July 21.
The Supreme Court is hearing appeals in the insolvency case of Byju's parent company, Think & Learn.
Appeals were filed by Byju's promoters and the BCCI.
The next hearing is scheduled for July 21, where interim relief will be considered.
The BCCI claims unpaid dues from Byju's, which Byju's disputes, citing a settlement.
The promoters are seeking to withdraw the insolvency process based on a pre-existing settlement.
- Who
- The Supreme Court, Byju's promoters, the BCCI, and legal representatives are involved.
- What
- The Supreme Court is hearing appeals related to the insolvency of Byju's parent company, Think & Learn.
- When
- The next hearing is scheduled for July 21.
- Where
- The Supreme Court.
- Why
- The promoters are seeking to withdraw insolvency proceedings based on a settlement with the BCCI.
Byju's Promoters
BCCI
Settlement Validity
Byju's Promoters
Byju's Promoters believe the settlement with BCCI was fully agreed upon, paid, and communicated before the Committee of Creditors was formed, therefore the CIRP should be withdrawn.
BCCI
The BCCI seeks repayment of dues from Byju's as the insolvency proceedings continue.
- Next Hearing Date
- July 21
- Company Involved
- Think & Learn (Byju's parent company)
- Appellants
- Promoters and BCCI
- Settlement Amount
- Rs 158 crore (claimed by both sides)
- BCCI's Claim
- Unpaid dues
