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insolvency

BCCI Takes Byju’s To Bankruptcy Court Over ₹158 Crore Unpaid Sponsorship Dues

16 Jul 2024

The National Company Law Tribunal (NCLT) in Bengaluru has admitted the Board of Control for Cricket in India’s (BCCI) plea to initiate insolvency proceedings against Byju’s, the ed-tech giant, over unpaid dues of Rs 158 crore. This amount is part of a sponsorship contract for the Indian cricket team's jerseys....

NCLT admits Go First’s plea for insolvency proceedings

10 May 2023

Last Thursday, the budget airline submitted a petition to the National Company Law Tribunal (NCLT), requesting the application of bankruptcy laws to protect its interests. It also sought an interim moratorium to prevent aircraft lessors from seizing its fleet of 26 planes. Furthermore, the airline requested the appointment of an...