New Delhi, July 21 -- The Supreme Court today dismissed petitions filed by the Board of Control for Cricket in India (BCCI) and Riju Raveendran challenging an April 2025 ruling of the National Company Law Appellate Tribunal (NCLAT), Chennai, which had refused to allow BCCI to withdraw its insolvency application against Byju's parent company without prior approval of the Committee of Creditors (CoC).
A bench comprising justices JB Pardiwala and R Mahadevan declined to interfere with the NCLAT's order, effectively upholding the requirement that BCCI must seek CoC approval to withdraw the proceedings.
Senior advocate and former attorney general KK Venugopal, appearing for Riju Raveendran, objected to the dismissal, saying, "I am sorry but th...