India, Feb. 11 -- The National Company Law Tribunal (NCLT) on Monday (February 11) reportedly directed the Board of Control for Cricket in India (BCCI) to submit its application to settle its insolvency dispute with BYJU'S to the troubled edtech's newly constituted committee of creditors (CoC).

Moving forward, the CoC will decide on the BCCI's withdrawal of insolvency application.

As per Bar and Bench, the directions were issued by the NCLT Bengaluru's bench, comprising judicial member K Biswal and technical member Ravichandran Ramaswamy.

During the hearing, advocate Srinivasa Raghavan, appearing for the creditors, argued that the outgoing resolution professional (RP) Pankaj Srivastava was not "conducting himself properly". He further ...