The Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgement of the NCLAT, which had stayed the insolvency proceedings against ed-tech firm Byju's and approved its Rs 158.9 crore due settlement with the BCCI.
A battery of lawyers reportedly filed a plea to be heard urgently by the bench comprising Chief Justice D Y Chandrachud and Justices J B Paridwala and Manoj Misra, keeping in mind the subsequent developments in the case.
The plea was filed by senior advocate NK Kaul, appearing for Byju's, that the case needed to be heard at the earliest.
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Solicitor General Tushar Mehta appearing for the BCCI, and senior lawyer Abhishek Singhvi, also appearing for the ed-tech supported the plea.
Kaul reportedly said another plea in the case has also been filed and is listed for hearing on September 17 hence, the present plea be either heard on that day or the hearings in both the cases to be advanced to this Friday.
"We will hear both the pleas on September 17," the CJI reportedly said as per PTI.
Shyam Divan, senior advocate appearing for the US-based creditor, said let the matters be heard together on September 17.
Earlier on August 22, the bench had refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against the embattled ed-tech firm.
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It had listed the plea for a final hearing on August 27.
According to Mint, Aditya Birla Finance, one of the creditors of Byju's, on Wednesday accused the company's interim resolution professional (IRP) of playing fraud in the ongoing corporate insolvency resolution process of the tech firm.
It has filed a plea in the national company law tribunal against Byju's resolution professional for alleged wrongful classification of the lender as an 'operational creditor' instead of as a financial creditor.
In a major setback to Byju's, the top court had on August 14 stayed the verdict of NCLAT, setting aside the insolvency proceedings against the ed-tech major and approving its Rs 158.9 crore dues settlement.
(With Inputs from PTI)
