The Resolution Professional (RP) in charge of Byju's continuing bankruptcy procedures has arranged insolvency meetings, which have been temporarily put on hold by the Supreme Court of India.

The Supreme Court on Wednesday questioned the verdict of insolvency appellate tribunal NCLAT setting aside the insolvency proceedings against ed-tech major Byju's and approving its Rs 158.9 crore dues settlement with the BCCI.

The Supreme Court On Wednesday, raised concerns about the National Company Law Appellate Tribunal’s (NCLAT) decision to terminate insolvency proceedings against edtech firm Byju's, and indicated that the tribunal's reasoning lacked thorough analysis.

The bench expressed concerns over Byju’s decision to settle a mere Rs 158 crore owed to the Board of Control for Cricket in India (BCCI) while leaving a staggering Rs 15,000 crore in total dues unpaid to other creditors,