No stay on NCLT order for CoC vetting of BCCI-Byju’s deal

The National Company Law Appellate Tribunal (NCLAT) on Wednesday did not grant any interim relief to Byju’s suspended director Riju Ravindran, who approached it seeking that his Rs 158-crore settlement with the Indian cricket board not be placed before the edtech firm’s committee of creditors (CoC).

Ravindran moved the appellate tribunal to block the CoC from taking up an application filed by the Board of Control for Cricket in India (BCCI) for withdrawing its insolvency petition against Byju’s parent company, Think & Learn. The National Company…