Byju Raveendran moves Karnataka HC for stay on insolvency order; NCLAT hearing on Monday

Raveendran has filed a writ petition in the Karnataka High Court for suspending the National Company Law Tribunal (NCLT) order until the NCLAT considers his appeal, according to the case information available on the high court’s website. The NCLT earlier this month admitted the embattled edtech firm for insolvency proceedings under the Insolvency and Bankruptcy Code, 2016.
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