TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    'Congress Behind the ‘Hindu Terror’ Consipiracy!': Former MHA Official Reveals

    EXCLUSIVE: ‘Congress Behind the ‘Hindu Terror’ Conspiracy’: Former MHA Official Reveals

    Weaponizing the State: Agencies Misused to Frame Innocents

    VHP Demands Accountability from Congress for Wrongly Framing Individuals in Malegaon Blasts

    Rahul Gandhi Channels Trump, Congress Top Brass Embarrassed by ‘Dead Economy’ Slur

    Gandhi Family Losing Grip? Congress Leaders Disown Rahul’s Trump-Style Attack on Indian Economy

    Sadhvi Pragya Breaks Down in Court, Recalls Years of Torture and Humiliation

    Sadhvi Pragya Breaks Down in Court, Recalls Years of Torture and Humiliation

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    ndia’s ‘PRALAY’ Missile Can Strike Silently — Even From a Truck

    DRDO Tests 5,000 Kg Radar-Evading ‘Pralay’ Quasi-Ballistic Missile Capable of Precision Strikes from Mobile Truck Launchers

    BJP to Hold Tiranga Yatra Across Nation from August 10-14 to Celebrate Operation Sindoor, Honour Forces

    BJP to Hold Tiranga Yatra Across Nation from August 10-14 to Celebrate Operation Sindoor, Honour Forces

    Guns to Chocolates—Shah Links Pahalgam Terror to Pakistan

    Guns, Pakistani Chocolates, Voter IDs: Amit Shah Nails Proof on Pahalgam Terrorists Killed In Operation Mahadev

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    Six Indian Companies Sanctioned by US for Violating Iran Oil Restrictions

    US Imposes Sanctions on Six Indian Firms Over Iran Oil Trade Links

    Trump targets India with 25% Tariff, ‘Dead Economies’ Jibe, and Brands BRICS As Anti- USA

    Trump targets India with 25% Tariff, ‘Dead Economies’ Jibe, and Brands BRICS As Anti- USA

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Top Casino Bonuses to Claim in 2025

    Top Casino Bonuses to Claim in 2025

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    'Congress Behind the ‘Hindu Terror’ Consipiracy!': Former MHA Official Reveals

    EXCLUSIVE: ‘Congress Behind the ‘Hindu Terror’ Conspiracy’: Former MHA Official Reveals

    Weaponizing the State: Agencies Misused to Frame Innocents

    VHP Demands Accountability from Congress for Wrongly Framing Individuals in Malegaon Blasts

    Rahul Gandhi Channels Trump, Congress Top Brass Embarrassed by ‘Dead Economy’ Slur

    Gandhi Family Losing Grip? Congress Leaders Disown Rahul’s Trump-Style Attack on Indian Economy

    Sadhvi Pragya Breaks Down in Court, Recalls Years of Torture and Humiliation

    Sadhvi Pragya Breaks Down in Court, Recalls Years of Torture and Humiliation

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    ndia’s ‘PRALAY’ Missile Can Strike Silently — Even From a Truck

    DRDO Tests 5,000 Kg Radar-Evading ‘Pralay’ Quasi-Ballistic Missile Capable of Precision Strikes from Mobile Truck Launchers

    BJP to Hold Tiranga Yatra Across Nation from August 10-14 to Celebrate Operation Sindoor, Honour Forces

    BJP to Hold Tiranga Yatra Across Nation from August 10-14 to Celebrate Operation Sindoor, Honour Forces

    Guns to Chocolates—Shah Links Pahalgam Terror to Pakistan

    Guns, Pakistani Chocolates, Voter IDs: Amit Shah Nails Proof on Pahalgam Terrorists Killed In Operation Mahadev

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    Six Indian Companies Sanctioned by US for Violating Iran Oil Restrictions

    US Imposes Sanctions on Six Indian Firms Over Iran Oil Trade Links

    Trump targets India with 25% Tariff, ‘Dead Economies’ Jibe, and Brands BRICS As Anti- USA

    Trump targets India with 25% Tariff, ‘Dead Economies’ Jibe, and Brands BRICS As Anti- USA

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Top Casino Bonuses to Claim in 2025

    Top Casino Bonuses to Claim in 2025

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

TFI stands vindicated: Byju’s heads toward insolvency proceedings as SC junks tribunal order giving relief to the edtech giant

Byju's heads toward insolvency proceedings as Supreme Court junks tribunal order giving relief to the edtech giant

Tripathi Pragti by Tripathi Pragti
23 October 2024
in Economy, Trending
TFI stands vindicated: Byju’s heads toward insolvency proceedings as SC junks tribunal order giving relief to the edtech giant
Share on FacebookShare on X

In a major setback for Byju’s, the edtech giant will have to face insolvency proceedings. Notably, the Supreme Court of India on Wednesday (23rd October), junked the National Company Law Appellate Tribunal’s (NCLAT) order which had closed the insolvency proceedings against edtech giant Byju’s for accepting a Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI).

 

RelatedPosts

Byju’s 20 Billion Dollar Loss: From Rise to Fall

BCCI bowls a beamer at BYJU’s

With this latest assault on the Company, BYJU’s is (almost) OVER

Load More

The Chief Justice of India (CJI), DY Chandrachud, and Justices JB Pardiwala and Manoj Misra made up the bench.

 

The honourable court said, “There was no formal application made for withdrawal, the first respondent who was a former director of the corporate debtor had moved NCLAT directly. Despite these grave deviations, NCLAT still approved the settlement. We hold that recourse to Rule 11 of NCLAT Rules was not warranted and exercise of inherent powers cannot be done to subjugate legal process and the NCLAT should have stayed the composition of Committee of Creditors (CoC) instead. Thus we allow the appeal and set aside NCLAT judgment of August 2, 2024.”

 

The Court has ordered the ₹158 crore that was kept in a different escrow account as a result of the NCLAT judgment’s stay be transferred to the Committee of Creditors’ escrow account.

 

The TFI media has been very vocal about the issues related to Byju’s & its malfunctioning. Despite the direct attack by Byju’s management TFI had been prominently covering the concerns over this in the past. Once Co-founder of BYJU’s, Divya Gokulnath targeted our coverage and presenting as if the company’s financials were solid and growing. In a long post, she said that the second blockbuster release of that year, after Brahmastra, was Byju’s financial results. She said, “…I have not seen Brahmastra yet, but I do happen to know Byju’s results. Because, as its Director, I was involved in its making.”

 

Further talking about the TFI post she wrote “Whether or not you have seen the Bollywood blockbuster, I am sure you would have ‘seen’ our results. But have you seen the complete picture? Because just like movie reviews, sensationalism results in more clicks than truth in this age of 280-character reading attention spans”. 

 

Here Byjus’s co-founder tried to play a trick. Sharing favorable article’s headlines, she declared that #byjus‘s is the second blockbuster after #Brahamastra . But, sharing morphed screenshot of unfavorable article written by me, she tried to downplay her company’s misdeeds. pic.twitter.com/CHmeMIkDa3

— Rahul Gupta (@rahul0948) September 20, 2022

And currently after the National Company Law Tribunal (NCLT) in Bengaluru granted the bankruptcy plea brought by the Board of Control for Cricket in India (BCCI) over a debt of ₹158 crore, Byju’s was admitted to the corporate insolvency resolution process (CIRP) in July.

 

Pankaj Srivastava was named the Interim Resolution Professional (IRP) by the Tribunal.

 

After recording an undertaking that the reimbursement is being personally funded by Riju Raveendran (Byju Raveendran’s brother) and not deducted from funds that should go to financial creditors, the NCLAT ended the insolvency proceedings and approved a settlement between Byju’s and BCCI.

 

The NCLAT order that had stopped the CIRP was stayed by the Supreme Court on August 14.

 

Now it would be interesting to see how Byju’s would manage this crisis, whether they would rise as shining armour or would play the blame game & run away putting lakhs of students .

Tags: brahmastrabrahmastra alia bhattByjusDisintegration of BYJU’sDivya Gokulnath
ShareTweetSend
Previous Post

Answering 6 Common Questions Related to Rideshare Accidents

Next Post

The Chaotic politics of Bangladesh explained

Related Posts

Weaponizing the State: Agencies Misused to Frame Innocents
Trending

VHP Demands Accountability from Congress for Wrongly Framing Individuals in Malegaon Blasts

31 July 2025

After 16 years, justice has prevailed in the 2008 Malegaon blast case as a special NIA court acquitted all...

‘Focused on India’s Interest’: Piyush Goyal Tells Parliament
Business

‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

31 July 2025

Union Commerce Minister Piyush Goyal addressed the Lok Sabha on Thursday, asserting that the Indian government is thoroughly examining...

Rahul Gandhi Channels Trump, Congress Top Brass Embarrassed by ‘Dead Economy’ Slur
Analysis

Gandhi Family Losing Grip? Congress Leaders Disown Rahul’s Trump-Style Attack on Indian Economy

31 July 2025

Senior Congress leader and Leader of Opposition Rahul Gandhi has found himself in the eye of a political storm...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Sawan’s Fire, Bharat’s Voice: How India Is Leading the Global Narrative Now

Sawan’s Fire, Bharat’s Voice: How India Is Leading the Global Narrative Now

00:06:03

When Reuters Insults India, Its Indian Staff Looks the Other way

00:07:38

NISAR Explained: Why the World Is Watching ISRO and NASA’s Next Move

00:07:26

Inside the ₹30,000 Cr Tug of War Between Karisma Kapoor and Sunjay’s Family

00:04:08

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

00:06:31
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited