Supreme Court Refuses to Interfere in Byju’s Insolvency Row, Calls NCLAT Order ‘Perfect’

The Supreme Court of India dismissed an appeal by Byju Raveendran challenging the restoration of the original Committee of Creditors (CoC) in the insolvency proceedings of Think & Learn Private Limited.

Upholding the order of the National Company Law Appellate Tribunal, the Court termed it a “perfect order” and refused to interfere, observing that the litigation had gone “too far.”

It also allowed the inquiry against the Resolution Professional to proceed in accordance with law, reinforcing the primacy of creditors in the CIRP process.

[Byju Raveendran v. Adtiya Birla Finance Ltd. & Ors.]