Teleperformance alleges that Byju has defaulted on payment of Rs 4.82 crore, excluding Rs 21 lakh interest to the company in lieu of business process outsourcing services provided by the company.
A two-member bench comprising Justice M Venugopal and Shreesha Merla took their submissions on record and set aside the order admitting CDGL to insolvency
Essel group firm Siti Networks had taken a loan of Rs 150 crore for a working capital facility from the lender and under the agreement, it has to maintain a Debt Service Reserve Account (DSRA). Zee was the corporate guarantor of the loan
Last month, Coffee Day Global, the entity overseeing the CCD chain, had been admitted to corporate insolvency due to facing bankruptcy, , cafe coffee day, insolvency case