India, Feb. 5 -- Suspended directors of the embattled edtech startup BYJU'S have reportedly moved the National Company Law Appellate Tribunal (NCLAT), challenging an National Company Law Tribunal (NCLT) ruling to reinstate its lenders as financial creditors while failing to rule on its INR 158 Cr settlement with the Board of Control for Cricket in India (BCCI).

As per Mint's report, the petition, filed by suspended director Riju Raveendran and current resolution professional Pankaj Srivastava before the Chennai bench of NCLAT, argues that the NCLT had reserved its January 29 order on both the settlement approval and the lenders' challenge.

However, the tribunal ruled only on the lenders' plea, leaving the settlement unresolved.

It is p...