India, July 21 -- The Supreme Court today dismissed appeals filed by the BCCI and BYJU's cofounder and director Riju Ravindran challenging a ruling that stopped the cricket body from taking back its insolvency plea filed against the embattled edtech company without approval from creditors.
The case stems from an insolvency plea filed by the BCCI against BYJU's in July 2024 over unpaid dues of INR 158.9 Cr. Though the two parties later settled the matter, the BCCI's attempt to withdraw the case was blocked because it came after a creditors' group had already been formed.
According to a Bar & Bench report, a bench of Justices JB Pardiwala and R Mahadevan said during the hearing today that they would not interfere with the earlier ruling o...
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