Suspended BYJU’S Directors Challenge NCLT’s Ruling To Reinstate Lender

The petition, filed by suspended director Riju Raveendran and current resolution professional Pankaj Srivastava before the Chennai bench of NCLAT, argues that the NCLT had reserved its January 29 order on both the settlement approval and the lenders’ challenge

However, the tribunal ruled only on the lenders’ plea, leaving the settlement unresolved

Besides this, the petition also questioned the tribunal’s decision to remove the current resolution professional and the appointment of a new RP

Suspended directors…