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Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

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Byju's suspended directors are contesting a ₹158 crore settlement with the BCCI amid insolvency proceedings. The National Company Law Appellate Tribunal (NCLAT) is set to decide if the settlement was made before the Committee of Creditors (CoC) was formed. If favored, Byju's would exit insolvency. Byju's insolvency arose from a sponsorship payment default, causing disputes, particularly with dominant creditor Glas Trust. The case continues in the NCLAT.