Raveendran loses immediate control of Byju’s as NCLT admits BCCI insolvency plea over ₹158 crore in dues

NCLT has appointed an interim insolvency resolution professional to oversee Byju’s day-to-day affairs..Under the insolvency process, all legal cases against Byju’s will enter a moratorium period, hindering its efforts to raise $200 million through a rights issue and its ability to settle its dues.
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