In a recent ruling, the Delaware Bankruptcy Court has denied a plea from Glas Trust Company, representing US lenders, to block Byju’s settlement with the Board of Control for Cricket in India (BCCI). The settlement concerns a Rs 158-crore overdue payment related to a sponsorship deal.
Court Ruling
Judge Brendan Shannon of the Delaware Bankruptcy Court decided not to interfere in the legal…
The committee of creditors (CoC) for the bankrupt airline Go First has unanimously opted for liquidation, following disappointing bids from potential resolution applicants. A senior executive from a private bank, which holds minimal exposure to the airline, confirmed that the voting process is complete, and the airline is expected to be recommended for liquidation shortly.
The decision comes after…
