India, Feb. 4 -- On January 29, 2025, the National Company Law Tribunal (NCLT) made an important decision about Byju's insolvency case. Byju's has been in the news for quite some time. NCLT ruled that two major creditors, Glas Trust and Aditya Birla Finance, should be included again. Earlier, the person in charge of handling Byju's financial crisis, Pankaj Srivastava, had removed them from the Committee of Creditors (CoC), which oversees the insolvency process.

New Committee of Creditors (CoC):

The NCLT has ordered the formation of a new group of creditors. The group includes Glas Trust and Aditya Birla Finance. This group will now have the power to make key decisions about Byju's insolvency process. Byju's will further face scrutiny an...