Byju’s representatives stated that their funds are currently held in an escrow account with the National Company Law Tribunal (NCLT), with a hearing scheduled for July 4. They promised to update the Labour Department following the hearing, media reports revealed
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Dr. Subhash Chandra was represented by Trust Legal through Partners, Ms. Ritwika Nanda & Ms. Petal Chandhok and Associate, Ms. Shruti Gupta
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The average duration for closing a corporate insolvency resolution plan (CIRP) is 843 days in FY24 against 831 days in FY23
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The tribunal will now examine whether a power of attorney holder can represent an operational creditor in a corporate insolvency resolution process (CIRP) petition
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