NCLAT Directs NCLT To Clear BCCI’s Plea

The NCLAT was hearing an appeal filed by Riju Raveendran challenging the reinstatement of Glas Trust and Aditya Birla Finance into the CoC of BYJU’S

Riju argued that the NCLT cannot order the reconstitution of the CoC due to the pendency of the BCCI’s proposed settlement with BYJU’S

This follows the NCLT, last month, initiating disciplinary proceedings against the RP of BYJU’S and setting aside his decision to exclude Glas Trust and Aditya Birla Finance from the CoC

The National Company Law Appellate…