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Troubles mount for Byju s: NCLT issues notice on Oppo s insolvency plea

OPPO Mobiles filed a petition on May 1 in the Bengaluru bench of the National Company Law Tribunal (NCLT), seeking initiation of insolvency proceedings against troubled edtech major Byju’s. OPPO is the latest in the growing list of entities, who dragged Byju’s to the NCLT

Byju s Foreign Lenders File Insolvency Plea | Mumbai News

Mumbai: In yet another setback for Byju’s, its foreign lenders have filed a petition to initiate corporate insolvency resolution proceedings against t.

Zee Entertainment Tumbles 33% to 52-week Low After Sony Calls Off Merger

IDBI-Essel case: SC agrees to hear IDBI Trusteeship Services appeal, issues notice to Essel group entities

The Supreme Court has asked a response from Essel group firms, Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures, on the appeal against a National Company Law Appellate Tribunal s (NCLAT) September order that rejected its insolvency plea against the firms. The NCLAT dismissed an insolvency petition against Direct Media Ventures and two days later, the insolvency petition against Cyquator Media, a promoter group company of Zee Entertainment Enterprises.

NCLT admits insolvency plea against Precision Realty Developers

The financial creditor had moved the bankruptcy court against the property developer following a default of nearly Rs 119 crore. In February 2017, L&T Finance had sanctioned a loan of Rs 200 crore in favour of the original borrowing entity Kaa Vee Retail Infra, which was later merged with Precision Realty Developers.

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