India, Feb. 8 -- The National Company Law Appellate Tribunal (NCLAT) reportedly issued directions to the National Company Law Tribunal (NCLT) to dispose of the application filed by the Board of Control for Cricket in India (BCCI) to withdraw insolvency proceedings against troubled edtech giant BYJU'S in a week.

"The NCLT is directed to decide the application (for withdrawal by BCCI) preferably in a week's time. It is very much made clear while deciding this appeal, we have not made any observations on the facts," the appellate tribunal said on Friday (February 7), as per Bar and Bench.

The directions were issued by a coram comprising Member (Judicial) Justice (retd) Rakesh Kumar Jain and Member (Technical) Jatindranath Swain. This came ...