Setback for Byju’s as Supreme Court restores insolvency case, raps NCLAT for overreach

The Supreme Court restored insolvency proceedings against Byju’s, overturning the NCLAT’s decision to halt the case. The court criticized NCLAT for procedural overreach, underscoring the need to follow IBC protocols, as Byju's financial troubles deepen amid creditor disputes and regulatory scrutiny.
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